The suspension of EU fiscal rules should not be a reason to delay the return of fiscal policy to a sustainable path. Regardless of the rules, financial markets are starting to respond more to the perceived fiscal health of individual countries than in the last two years. This brings me to my last point.
That is true of central banks generally, and even more so when they are also responsible for banking supervision, as in the case of the ECB. As for me personally, I will no longer speak at events organised by banks.