Both inflation and inflation expectations in the euro area demonstrate the value of independent deeds, not just words.
4  BIS central bankers’ speeches  Last week in Frankfurt, at the occasion of my official farewell as President of the ECB, Prime Minster Juncker, the longest-serving prime minister in Europe and chair of the Eurogroup, said that discussions of government pressure on the ECB lacked any basis in fact, that such pressure would have been completely futile and that the ECB always acts completely independently.