All that it can do is help establish sound money and a stable financial environment in which the inherent vitality of a market economy can flourish and promote the capital investment that in the long run is the basis for vigorous economic growth. Similarly, other government policies also have a major role to play in contributing to economic growth.
Yves Mersch: Appointment hearing as Vice-Chair of the ECB Supervisory Board Appointment hearing of Mr Yves Mersch, Member of the Executive Board of the European Central Bank, at the Committee on Economic and Monetary Affairs of the European Parliament, Brussels, 4 September 2019.