Banks and the government need further reorganisation, central bank president Nout Wellink said on Thursday at the presentation of the bank’s annual report .

In general, Wellink is positive about 2010. The banks are well on the way to profitability and it is a good sign that many banks have already been able to repay state loans, with the exception of Ireland and Spain where they has recently been increased.
But he warns that everyone from government, banks, insurers and pension funds to families and companies will have to strengthen their financial buffers.
Wellink will step down as central bank president in July 2011.