Mr. Klaus Regling:

In a way, that was the bottom line - going through the different elements that contributed to the crisis, looking at bank governance, supervisors and fiscal policy. In addition, however, the external bodies that are there to monitor countries, like the OECD, the IMF and the European Commission, all failed to some extent, hence the bottom line that nobody seemed to be in charge. Of course, that was a surprise. It was also, for me, some kind of self-criticism because at the time I was in charge of economic-financial affairs at the European Commission. This is also a criticism that is directed at me, directly.