Mr. Klaus Regling:

If the culture is not the right one and if the people in charge, whatever the institutional set-up, are not playing their role as they should, then the best institution does not help. However, I do not want to say the institution does not matter at all. It is important to get it right and have the lines of communication correct. The right people have to be at the right meetings. All that is important. We only want to say it is even more important that the people in charge really play their role well.