I am pleased to note that the European debt crisis is being addressed through a combination of national measures and support from the community. After all, the many summits and ministerial meetings show that the relevant member states are not left to fend for themselves, taking initiatives that could be detrimental to others.
Furthermore, we should not underestimate the highly developed cooperation between central banks and supervisory authorities worldwide – ranging from specific, coordinated measures to the development of rules and exchange of experience. This provides useful transparency as a basis for our own decisions. BIS central bankers’ speeches  1  *** Obviously, Denmark is not unaffected by events in the rest of the world.