Thus, with the return of the economic and financial preconditions for normal market functioning, incentives for interbank lending should be restored, so that banks can resume their core functions. More generally, the protracted provision of central bank liquidity at favourable conditions may end up propping up banks that are unable to fulfil their funding needs, even under normal market conditions.
I cannot say which of the two sets of arguments is stronger, the economic or the political ones, but what I can say is that Europe needs a more European UK as much as the UK needs a more British Europe.