The ECB's Effort to Stop Divergence in Credit Policy

It's been a surprise to me that the European central bank hasn't been more aggressive about trying to stop these policies. Have you seen any evidence that the ECB is doing anything to try and rein this in? Because if they don't rein it in and it continues, then as we both just discussed, there are some significant problems coming down the line. No, I think as you say, I think it's something which is very underappreciated. And mostly because people have stopped rezoning with everything we have said in the last 30 minutes.