Cœuré: The other side of the coin is, as Jörg has said, that the Governing Council has a European mandate. The governors of the national central banks come here in a personal capacity – they do not represent their institutions or their countries – and should be accountable for what they do. You said that change might come soon.
Is there a majority for it in the Council? Asmussen: Every majority starts as minority. It is an ongoing discussion in the Council. One field where central banks are not very transparent is the Emergency Liquidity Assistance (ELA) that is given to banks in trouble. Although this entails huge risks, you never publish any details.