That way we preserved the confidence of corporates and households that their central bank and their government will always be there for them, taking care of jobs, salaries, production capacities and liquidity. We were able to respond with a huge package of measures owing to the monetary and fiscal space we had created in the prior period.
Had we postponed the adoption of measures, the consequences of such irresponsible behavior, to our citizens and our economy, would have been enormous. In what sense? We would have witnessed unemployment, factory closures, billions of euros of GDP lost.