This is best achieved by consistently implementing the liability principle. I spoke about that at the beginning of my speech. Like riding on the big wheel, I’ve therefore almost come back to the point from where I started. That means it’s time for me to get off. And, as everyone knows, when someone gets off the big wheel, places become available for new passengers.
Stefan Zweig once remarked that thoughts thrive just as much on affirmation as on contradiction. That doesn’t just apply to the Governing Council of the ECB but also to the discussion on which we are now embarking. Thank you for your attention. 1 M Draghi (2017), Accompanying the economic recovery, Introductory speech at the ECB Forum on Central  Banking, Sintra, 27 June 2017.