Here’s a curiosity question: the ECB had a retreat just a few days ago and it was in a very grand palace – probably grander than this – to build fences, get to know each other. What’s the new leadership of the European Central Bank looking like, with fresh blood like yours and Ms Lagarde’s?
I think the way to think about it is, the Governing Council meets all the time. The people in the Governing Council actually meet each other even more frequently through the IMF, ECOFIN, the Bank for International Settlements. But what is true is that the Governing Council has the six of us in Frankfurt and then the 19 Governors.