To fulfil that at this time, it must keep interest rates low and must work towards an expansionary monetary policy which accompanies growth. That’s the point, not punishment or rewards. But sometimes it is hard to explain this to everyone in Germany, including in discussions with some politicians... What are they saying to you?
They say: in that way you are removing their incentive to push through reforms. And isn’t that true? Italy and France are two examples. Our job is not and cannot consist of taking on the reform tasks of individual governments – not least since we lack the democratic mandate to do so.