It is absolutely essential to reform the country so that it can stand on its own two feet once again. It is in the Greeks’ own best interests that growth is generated and jobs are created again in future. Question: In Germany, there is growing discontent among politicians and taxpayers about the billions upon billions of assistance. Does that worry you?
Likewise, on monetary issues, the ECB’s primary mandate is to maintain price stability. We neither encourage nor discourage the international role for the euro, which continues to be essentially determined by the markets. That said, progress towards a genuine financial union, with better connected capital markets, could indirectly support their depth and liquidity and, in doing so, the international role of the euro.