And as part of that programme, the famous “Frankfurter Küche” was designed by Margarete Schütte-Lihotzky, an innovation that would go on to be used all over the western world. So it is no wonder that Frankfurt is now called the “Europastadt”. It is the city of the euro and the home of the ECB.
How concerned are you about developments in the euro area’s second-largest country? Draghi: France is facing the same problems as other countries which need to get their budgets in order and to make structural reforms. Many states have raised taxes and cut investments first. This is the easiest way, but both approaches weaken growth.