Crisis management and resolution  Whatever politicians have decided already or are going to decide: they have to consider the medium to longer term effects of their actions. The measures taken today should not prepare the ground for future imbalances. This is true for both, monetary and fiscal policy.
BIS Review 158/2008  3  What the ECB has done since the beginning of the financial turmoil The mandate of the ECB is to maintain price stability over the medium term. This mandate must be adhered to both in normal times and in times of crisis.