The institutional framework grants to the Eurosystem full independence from political influence and interference and assigns to the ECB the primary objective of maintaining price stability. At the same time, fiscal authorities are responsible for safeguarding the sustainability of public finances. This does not mean that there are no interactions.
The Governing Council has always welcomed a constructive and open exchange of information on the current economic  BIS Review 109/2009  7  situation and structural reforms with other bodies and institutions at the European level. The outlook for fiscal policy plays a key role in our projections for economic activity and our assessment of risks to price stability.