In order to master an instrument you have to do everything.

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It is not a governmental instrument of legal tender that requires regulatory legitimacy and coercion by law in order to gain acceptance.

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The teaching of literacy primarily focuses on reading, writing, speaking and listening, in order to encourage students to read, comprehend, reflect on their social experiences and use the language as an instrument of knowledge-seeking.

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In order to break the vicious circle between banks and sovereigns, technical discussions on the future ESM direct bank recapitalisation instrument will also start in September so that the ESM could, following a regular decision, have the possibility to recapitalise banks directly once an effective single supervisory mechanism is established.

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