Of course, the period of intense turbulences, which we are currently experiencing and which correspond to a very significant market correction at a global level, remains very demanding for all institutions, market participants and authorities, including central banks, in Europe and across the world.
As I explained before, the ECB and the Eurosystem together with other central banks have taken a number of decisions to address elevated pressures in short term funding markets that were appropriate in view of the exceptional circumstances we were facing.