Honourable Minister, Ladies and gentlemen, The survey findings also unravel the challenges and opportunities for targeted interventions going forward. Access per se may have improved, but the picture is not entirely rosy to warrant us to be smiling all the way to our workplaces.
The financial system of the euro area is still undergoing further adjustment as the processes of risk repricing and de-leveraging continue. The stresses on the financial system have persisted longer and they have become broader and deeper than anticipated six months ago.