I personally have full trust in the United States for preserving its creditworthiness and the authority of its signature. Question: The ECB has postponed its exit from the non-standard measures on several occasions. Can the non-standard measures de facto co-exist with any level of interest rates?
Yes, indeed, the “separation principle” that we apply permits us always to have the right level of interest rates, even when markets are still not functioning perfectly. As I said, we set interest rates at the right level to deliver price stability.