When you look at the path followed since 2007 in terms of financial regulation, what strikes you as being the main benefits, but also current limits, of the process prompted by the G20? – The G20’s action follows two major pillars: financial regulation and the coordination of economic policies aimed primarily at reducing major imbalances.
As I said, we will therefore need to be patient for a while before being able to make a final assessment of the purchase programme. What matters now is to give the measures time to work. That’s why I see no reason at the moment to change the key design elements of the purchase programme.