Peter Praet: Interview in La Repubblica Interview with Mr Peter Praet, Member of the Executive Board of the European Central Bank, in La Repubblica, conducted by Mr Ferdinando Giugliano and Ms Tonia Mastrobuoni on 15 March 2016 and published on 18 March 2016. *  *  *  Can you explain why you took such a big package of measures last Thursday?
You have to put these decisions in the context of heightened risks to our price stability objective. External shocks, mainly originating from emerging markets, high market volatility and the crucial need to avoid second-round effects warranted a strong and comprehensive package to counteract these adverse forces. We don’t have a gloomy assessment of the economy, domestic conditions have improved, financial conditions have clearly improved.