After the Second World War, it was all about ensuring peace. It was about creating a free and open society which steadily builds on the bedrock of democracy. But here too, the advantages of a united Europe must benefit everyone. Europe has to be a home where its citizens can feel just as European as they feel German or French.
In the case of the ECB, the non-standard measures adopted during the crisis are precisely designed to help restore a more normal functioning of the transmission mechanism and contribute to recreating an environment where the “standard measures” can operate effectively. It should be clear what the non-standard measures of the ECB are not.