We were the first to act back in August 2007, temporarily providing on day 1 of the turmoil unlimited liquidity to preserve as normal as possible the functioning of the money market.
We will lose all this if we become protectionist again by taking up initiatives purely at a national level. WSJ: If you achieve all these goals, is the end result a world in which crises become less likely? Mr. Draghi: No. I think crises are part and parcel of the market functioning.