Mr. Mario Nava:

The fund is not meant to cope in the first place with a crisis. The Chairman is talking about the overall fund, which I have said will reach €55 billion. If one takes the assets of the European banking system, however, the figure is approximately €46 trillion, while the assets of the euro area amount to about €30 trillion. On the basis of those assets, bail-ins are possible and that is the second line of defence. The first line of defence comprises the higher capital requirements and the regulatory plan. Then comes the bail-in possibility and then, only at the very end, the fund. We need to move away from the idea that the fund alone will do it. What will do it are all of the measures combined - greater capital requirements, greater supervision, resolution plans and bail-in possibilities. That is really what will defend taxpayers.