They have not only avoided a collapse of the financial system, but also, and more importantly, prevented a surge in unemployment and poverty in the euro area. In so doing, we have proven that the three objectives of stability, efficiency and equity are mutually supportive, and that the ECB can effectively contribute to containing inequalities within its Treaty mandate.
I thank you for your attention. 6  BIS central bankers’ speeches  BIS central bankers’ speeches  7  8  BIS central bankers’ speeches  BIS central bankers’ speeches  9  10  BIS central bankers’ speeches