Transcript of questions asked and answers given by Dr Willem F Duisenberg, President of the ECB, and Christian Noyer, Vice-President of the ECB Question: The teething problems that you mentioned for TARGET, can you describe what the main problems have been, even if they are teething problems, exactly what form they have taken?
Noyer: The main problems have not been technical ones, and they have not been problems linked to TARGET itself. They have been mainly problems linked to human factors, mainly in commercial banks. The cause might also have been sometimes in the central banking system, but mainly in commercial banks.