Over the medium to long term, I believe it is necessary to put the SSM on a sound legal footing; there is no getting around changes to primary law to improve the governance structure and to draw a clear line between the monetary and supervisory functions. I am convinced that we need to tackle the issue of these changes. 3.
For me, inflation is a tax that would mainly hit the poorest and weakest in our society. FAZ: The purchase programme seems like a second major bailout. Are we rescuing the banks again? Trichet: We are constantly urging the banks to live up to their responsibilities.