In this regard, Yannis Stournaras has managed to protect the authority, the independence and the status of his institution amid very challenging conditions. My understanding is that there is now smooth cooperation between the Greek authorities and the Bank of Greece on several issues of mutual interest.
Did you feel at any point that, as regards Greece, the political leaders handed you a hot potato? No. However, what the whole experience shows is that our Union is still imperfect and needs to become a “more perfect union”, to borrow a phrase from the constitutional tradition in the United States.