We know also that price stability is a prerequisite for financial stability, a very important objective at the current juncture. All the members of the Governing Council make their decisions taking into account the interests of the whole of the euro area, of 15 countries. We do not consider any particular country, but all 15 of them.
And as I said, in the current juncture there is no place for complacency but for permanent credible alertness. 2. The ECB and its relations with Frankfurt  During its first ten years the ECB has developed excellent relations with its environment here in Frankfurt, be it with the institutions of the city or with the population.