This aspect is directly linked to the credibility of the ECB’s monetary policy, which has demonstrated its ability to act to maintain price stability. Finally, sharing a currency establishes common interests, from both a financial and a geopolitical perspective. We can build on that confidence in the euro in order to strengthen our monetary union.
The ECB’s fundamental objective is to protect the euro, hence it is imperative that we fulfil our mandate by keeping inflation below, but close to, 2%, which explains all of our monetary policy decisions during the crisis.