It was right of Jens Weidmann to point that out and I agree with him. BILD: Is there a rift between north and south in the Governing Council? Draghi: No, there is no divide between north and south. All members of the Governing Council have taken to heart Germany’s stability culture. The time of conflicts is over.
But let me also say that the situation in the autumn was really critical. It could have led to a dangerous credit crunch at the banks and thus to bankruptcies; companies would have suddenly been left sitting high and dry financially. We had to prevent that. BILD: And the banks are doing nicely out of it, right?