We also tasked the Eurosystem committees, together with ECB staff, with accelerating the completion of a new anti-fragmentation instrument for consideration by the Governing Council. Fiscal policy should do its part by guaranteeing sound public finances in the medium term and delivering targeted and temporary support to vulnerable groups in the short run.
The answers to this question are wide-ranging, and it is out of these answers that arise the implications for the future. And, finally, what are some of the short-term possibilities and long-term concerns that this experience suggests?