The success has been such that we have been able to deliver to 313 million people the level of monetary confidence, of monetary credibility, of low medium and long-term market interest rates that previously were the privilege of only part of the euro area. All that was considered by many impossible “ex ante”.
1262 Institute of International Finance (2008): “Final Report of the IIF Committee on Market Best Practices: Principles of Conduct and Best Practice Recommendations.