I feel that it is precisely this convergence in thinking which has increased over the past few years between the United Kingdom and Germany, with both sides having learnt from each other. That is not intended to be a sixth test for your entry into monetary union, but no harm can come from it either. BIS Review 67/1999  6
The continuation of open market operations at the same level as in recent months will rapidly become unsustainable for us. A few years ago, I had flagged this issue. Today, I am renewing my call to the authorities to share the burden as it is certainly not in the interest of the nation to have a central bank with weak finances.