I don’t want to do that here, but I would like to put on record that I share the impression of many people both inside and outside of Germany that, with the massive purchase of assets, the ECB has entered into a new era of its existence; in so doing, the ECB has assumed a new form.
And this listing does not even take into account a capital market where lenders and borrowers deal directly and where increasingly the instruments and risks originated by financial intermediaries come to rest.