In addition, in times of global economic stress, relying on cyclical swings in the exchange rates to stabilize individual countries amounts to relying on a redistribution of demand across the countries rather than on policies which raise global demand.
I think we have to explain much more what we stand for, what we do, what we don’t do what, what we can’t influence, and also we have to explain much more and in a better way, including why the ECB plays a very important role for Europe and the euro. And this interview today is a chance to do that. Yes.