This also applies to the ECB within its price stability mandate: making sure that inflation is below but close to 2% in the medium term should be our contribution to restoring trust in Europe. As a central banker, it is certainly not for me to prescribe what should be the next steps: they should emerge as the result of a political debate.
These multinational institutions include the World Bank, the International Monetary Fund, and the World Trade Organization (previously known as GATT). This goal of shared prosperity through peaceful cooperation was also the impetus for the European Union, which began as a plan to avoid another European bloodbath by intertwining the economies of France and Germany.