The ECB was granted a democratic mandate to ensure price stability in the euro area. In other words, we safeguard one of the fundamental conditions for stable economic growth. To achieve this mandate, the ECB was also granted a high level of independence.
And as you acknowledge in the draft resolution we are discussing today, the ECB's ability to take all necessary measures – free from political interference – is essential for it to deliver on its mandate. This is particularly important in the current environment.