Price stability is indeed a key element of an overall environment leading to sustained growth at domestic level. In such a context, the best contribution which a large economy as the euro area can provide to support sustainable non-inflationary growth in the world economy is to pursue policies maintaining price stability "at home". This is the only reasonable allocation of responsibilities across world policymakers.
Anything else risks blurring responsibilities and diluting accountability. This, in turn, would distort incentives in a perverse way. It goes without saying that exchange of information and views, for instance in the context of international fora, may in such a context further help the policy-makers of large economies assume their global responsibilities by providing them with a better understanding of the economic environment.