That explains why we have features ourselves that are not the same as in a fully-fledged federation. In particular it explains why we have a principle of speaking with one voice. Question: Why could the majority of the Governing Council accept the decision to launch the SMP, but not Mr Weber? What is your explanation for this divergence of opinions? I have no comment.
Consequently, the krone came under strong pressure to appreciate against the euro. Those hectic weeks in beginning of 2015 stand clear in my memory. The whole bank was buzzing with activity. We were all on alert. We sold kroner of a historical amount of 275 billion – corresponding to 37 billion euros.