Finally, it is clear that we have to assume a greater amount of retention on the part of banks, both as regards the amount and the characteristics of loans granted to households and as regards their sources of funding.
Implications of the current crisis for euro area enlargement Let me now turn to the third topic, which relates to the implications of the current crisis for euro area enlargement. The global economic situation has deteriorated significantly since September 2008 as a result of the intensification of the financial crisis.