Some people would like to see the ECB fight to combat unemployment, like the Federal Reserve. Why do you refuse to do that? Our main task is to maintain price stability. Of course, insofar as our actions stabilise the economy, they help to reduce unemployment.
We cannot and must not dispute political decisions regarding the composition of European monetary union. The central banks were not the ones who decided which countries would adopt the single currency. Only democratically elected bodies can make those kinds of decisions. So the ECB’s financial stability mandate does not mean that it has to do everything in its power to save the euro?