The overarching aim is to restore confidence, to take measures that will solidly anchor the expectations of households and companies, and to lay the groundwork for a return to sustainable prosperity. I have also strongly stressed that the scarcest resource we have right now is confidence in the future.
This principle is enshrined in the Treaty and the Statute of the ESCB. Each central bank in the EU should have institutional, personal, functional, and financial independence. Institutional and personal independence protect the central bank and members of its decision-making bodies from direct or indirect influences of third parties in the performance of their tasks.