Luis de Guindos: Interview in Le Monde Interview with Mr Luis de Guindos, Vice-President of the European Central Bank, in Le Monde, conducted by Ms Marie Charrel and published on 13 February 2019. * * *  Is the ECB sufficiently well equipped to deal with the slowing European economy? Yes.
But remember that monetary policy cannot do everything – its primary objective is to maintain price stability, which contributes to a strong economy. However, fiscal policy and structural reforms also have a significant role to play in supporting economic activity.