We are also having to now de-prioritise and defer other less time critical work to accommodate our work on Brexit. We are also active internationally to ensure that the risk of divergence between EU jurisdictions in how they handle relocations from the UK is mitigated.
Governments must commit to sound economic and financial policies. This is how we ensure reform in the euro area – and our independence. SPIEGEL: Experience teaches us somewhat differently. If you artificially lower interest rates, it makes it easier for governments to become indebted and decreases the pressure for reform.