But when the Greek government was close to bankruptcy, we ensured the continued financing of the Greek economy and of Greek banks – which had lost access to the markets and to their own savers following a capital flight – while respecting the political will of euro area governments that the assistance to Greece should be conditional.
Our actions ultimately allowed Greece to remain in the euro. There were those who wanted to make the ECB responsible for Greece leaving the euro area, but we resisted that! And the third thing I’m proud of is the quantitative easing we launched in 2015, which averted the risk of deflation. Any regrets?