: +49 (0)69 9566 3511, fax: +49 (0)69 9566 3077 presse@bundesbank.de, www.bundesbank.de Reproduction permitted only if source is stated. States. The crucial thing here will be for the Member States to restore their public finances to a solid footing after the crisis. This also protects monetary policymakers from having to step in as firefighters in every crisis.
Sound public finances ensure that monetary policymakers are free to focus on their mandate of price stability. This is precisely why budgetary rules are also enshrined in the European Treaties.