Third question But before I address the third question, let me briefly recall the salient point of the fiscal rules encapsulated in the Treaty establishing the European Community and in the Stability and Growth Pact. The Treaty (and some protocols annexed to it) contains three crucial rules related to fiscal discipline. Since they are widely known, I will describe them in a concise way.
So it’s not surprising that many a German credit institution is struggling with weak earnings. That’s a topic which has been on the agenda for quite some time now.