They need to define clearly the purpose of their organisations and promote a culture of ethical business throughout them. 5  R. Rajan, “When Money Is the Measure of All Worth,” in Fault Lines: How Hidden Fractures Still Threaten the World Economy (Princeton,N.J. : Princeton University Press, 2010).
It’s clear that inflation as forecast by the Eurosystem staff will fall short of the Governing Council’s price stability target not only in 2016 but probably into 2017 as well. That’s not something we should simply brush aside.