At the same time, this disinflationary impact of globalisation may be partly offset – or more than offset – by global inflationary pressures in energy and commodity markets.
Jean-Claude Trichet: The Governing Council of the ECB has not yet taken a position on this issue. I will only say that, if my understanding is correct, this would be a possible source of financing, subject to extremely strict conditions and without constituting any form of subsidy, that would aim to prevent phenomena that could cause financial instability in a euro area country.