Emerging economies have shown remarkable overall behaviour in the face of this crisis, unlike the advanced economies. I think the main lesson to be learnt is that we have to make a difference as regards the resilience of the advanced economies.
And all that means that we are already facing a massive shock; we need to make sure that it doesn’t get even worse. If the ECB buys sovereign bonds, governments will be able to borrow money more easily and pass it on to firms. Is that still in line with your mandate? Our actions are always determined by our mandate of price stability.