The fact that the rationale of deposit insurance schemes is linked to the few bank failures that may occur and for which the accumulated funds paid in by the sector may be sufficient, it is perhaps not accepted in the present situation on the basis of fears of tail risks which require larger resources.
This underpins the optimism that monetary policy is contributing to deliver a more robust cyclical upturn, and that the Governing Council of the ECB will fulfil its mandate. 2. From monetary policy to structural policies  We know that, by itself, monetary policy cannot create lasting growth of a structural kind.