Moreover, the hearings have always been a welcome occasion to discuss the state of Economic and Monetary Union between two genuinely European institutions and to debate about what is the right way forward. I am very much looking forward to continuing this approach with the new ECON committee from July onwards.
I would like to take the opportunity of this last hearing to take stock of the monetary policy that the ECB has conducted over the last five years and to review what has been achieved in the euro area over the course of these years.