Are you satisfied with the architecture of the banking union and specifically with the powers and competencies of the Resolution Mechanism? Don’t you feel that they have been dictated too much by
European Commissioner Pierre Moscovici said that the European Commission needs to analyse how the fiscal capacity in EU countries can be developed to create private and public investments.
Question: Thank you Madame Chairman. 70% of European SMEs do business only in their national markets. Investment programmes at EU level do not really effect their operating environment certainly