The public debt is sustainable, but if it remains at high levels, it leaves us exposed to the risks and shocks stemming from financial market tensions or from any further economic shocks. Achieving the Government’s objective assumes the efficient use of the funds borrowed to deal with the crisis, as well as those made available by European programmes.
xii The DGS Directive also recognises that DGS funds may be used for purposes other than payout in resolution or insolvency, as a national option under Article 11(6): “Member States may decide that the available financial means may also be used to finance measures to preserve the access of depositors to covered deposits, including transfer of assets and liabilities and deposit book transfer, in the context of national insolvency proceedings, provided that the costs borne by the DGS do not exceed the net amount of compensating covered depositors at the credit institution concerned”.