When a patient looks up a doctor and finds, time and again, that all he does is increase the dose without that having the desired effect, that will surely have an impact on the patient’s confidence in the doctor, won’t it? Draghi: It is not true that our monetary policy is not having an effect. The ECB has ensured stable prices throughout its history.
The paradigm shift that is taking place in our region makes me confident that we will be able to meet these challenges successfully. But all of us, in whatever capacity we are working, will have to strive hard to bring about the result.