Our best contribution will be to provide liquidity to banks so long as they are financially sound and have high-quality collateral, to ensure a smooth functioning of the payment system and, above all, to continue to deliver price stability. Conclusion Let me conclude.
When one thinks about the crisis in the euro area in terms of mechanisms to share economic risks within EMU, the following observations emerge. The years between the creation of the euro and the global financial crisis saw an unexpectedly rapid development of market-based risk-sharing mechanisms in EMU.