Mr. Peter Nyberg:

They they did not act and neither did the institutions or the comparative institutions in other countries or the international institutions. Nobody really reacted, not to Ireland, not to the United States, not to Spain and not to the UK, and the question is what is the common denominator there. According to the commission, one of the top common denominators would really be, if one uses the word, the philosophical underpinnings of the financial market policy at the time.