The Governing Council of the ECB did all what was necessary to be faithful to its primary mandate and to take into account, in transmitting our decisions on interest rates, that we were in the worst crisis since 66 years, a crisis which was disrupting some markets. Jürgen Stark has been a very close friend for 18 years.
He has worked for Europe for the past 18 years. I have great esteem for Jürgen and all that he has done and is doing. If you look back on all the years that you’ve been involved in European construction, is this the most serious crisis that you’ve had to deal with?