We students (I graduated under his guidance in 1970 with a thesis on the Werner Plan, the forerunner of the single currency, in which I argued that the conditions for its implementation did not exist at that time), we have experienced certainly different professional lives, also because of the different interpretations we have given of his teachings, but united in the belief that economic policy meant an analysis of reality, a denial of its distortion and use of our knowledge to remedy it.
It is with this legacy of thought that we are confronted. And today I want to share with you the action that the ECB has taken to respond to the crisis in which the euro area, and especially Italy, has found itself for many years now.