Mr. Marco Buti:

The Deauville declaration ... we were not involved in the Deauville declaration. We ... it came a bit out of the blue from Germany and France on the famous Deauville beach. And the assessment at the time was that whilst for some, let's say, political reasons, one could understand the Deaville declaration in terms of, let's say, the contribution at the time to the financial stability of the euro area and the EU at large was not the most helpful step.