We need to get all these reforms right, so as to ensure that the euro area can meet the future challenges with even greater capacity and conviction. 2011 will be also the first year of existence of the European Systemic Risk Board. (ESRB). As you call for in your draft Resolution, the ECB is doing its utmost to support this new body.
At the same time, the full independence and the primary mandate of the ECB, enshrined in the Maastricht Treaty, are of course unchanged as I have already stressed before the Parliament. As it has done over the past 12 years, the ECB will continue to deliver on its mandate. This is what the Treaty calls upon us.