The social consensus behind the reforms will need to be maintained. These reforms are not undertaken to please Brussels or Frankfurt or Washington but for the deep self-interest of the economies concerned and of the whole euro area. They will make the economies function better, more efficiently and, yes, also more fairly.
I have been a Director of several RRBs many years ago and have keenly watched their evolution. I will now spend some time in discussing their evolution and growth. Establishment of RRBs 6.