Without any specific reference to the case of Italy, it has to be clear that when the authorities are forced to intervene in this way, they must ensure that the bank undergoes a decisive restructuring process to ensure its viability on a lasting basis.
This is crucial for generating the necessary confidence so that we can together move forward with the process of banking union. What is the situation of the Spanish banks? I think they have made a tremendous effort and improved their situation significantly. The level of non-performing loans to the private sector has fallen below 7%, which, while still high, is certainly manageable.