But just looking at the latest data, it does look like there might be some stability in the market at this point,"

VOA: standard.2009.08.25

"If we think that for society as a whole it is important to have ring-fencing, both from a financial stability point of view and from a cultural point of view, I absolutely agree it should have strong enforcement and strong incentives in order for this to happen, " said the chief executive.

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Traditionalists who see a Scottish parliament as a dangerous change to a system which has delivered Britain centuries of peace and stability are missing the point.

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It does, of course, raise the question: what was the point of the Stability and Growth Pact?

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