Are you happy with the impression (given by various media) that the ECB is “manipulating” elected governments? Is this appropriate for a central bank? (The US President and the Chair of the Federal Reserve, for example, sit on the same side of the table, not on opposite sides).
If you are referring to the decision taken by the Governing Council on 4 February to suspend our waiver for Greek government-related collateral, the intention was exactly the opposite: it was a decision to enforce our rules in a transparent and accountable way, free of political interference. Let me explain.