It is my view that, after the problems that have also hit the European economy in recent years, the ECB needs to be able to give a positive response to the question of whether it did, within its mandate, its share and all it could to solve the problems.
Decisions are taken on the  8  BIS central bankers’ speeches  basis of the information available at the time. The measures that have been taken have been necessary in light of the available information. The non-standard measures have even encompassed notable risks, but the measures have been well considered and, it seems, we have been able to contain the risks.