They are therefore free to choose their own legal form and organization. However, it must be clearly pointed out that any national central bank will perform such additional tasks within its own responsibility and for its own account and that such tasks are not deemed to be part of ESCB activities.
In contrast to previous crises, this time our efforts to fight the recession are part of a coordinated European macroeconomic recovery plan upon which the European Commission and the EU member states already agreed in November 2008.