Price stability is the mandate which was entrusted to us by the people of Europe, and we will fulfil it. But monetary policy cannot support growth in a long-lasting way. Only an adequate mix of reforms and investment can do it. And it is a matter of urgency. 8.
What are your comments on the recent controversy with the Governor of the Central Bank of Cyprus? I don’t have specific comments to make on that matter, but let me say that Governor Georghadji is a trusted member of the Governing Council of the ECB and has worked hard for the well-being of Cyprus.