We have needed a higher degree of transparency and accountability so that citizens can understand how we make our decisions and subject them to greater scrutiny. This is why we now publish accounts of our monetary policy meetings. We visit national parliaments to explain our policy in more detail.
We agreed to the request of the European Parliament to be informed about discussions held in the Basel Committees. And this is in addition to our regular press conferences, appearances before the European Parliament, and regular visits by MEPs to Frankfurt. I do not claim that these initiatives will be enough to answer all the concerns that European citizens have.