In this way, members absorb all information available at the time of the meeting. The staff also answer questions, if any, from Policy Board members after each report. C.  Discussions by Policy Board Members concerning economic and financial developments  The second day of the MPM starts at 9:00 a.m. The meeting starts with a discussion on economic and financial developments.
Is the ECB not a prisoner of German budgetary orthodoxy in terms of the interpretation of its mandate? The ECB acts under the Treaties, which have been ratified by all European countries. The Treaties require each country to ensure the sustainability of its public finances. And this is a question of common sense.