At times, the ECB has used its freedom through a creative interpretation of the Treaties, as with the OMT bailout measure. When it comes to the welfare of the people, however, the ECB is inflexible. Mr Cœuré, don’t give the money to insolvent banks. It would be better if you set up investment programmes in the countries involved!
2  BIS central bankers’ speeches  unemployment and involuntary part-time employment declined as well. While these developments represents considerable progress toward strengthening of the labor market, some room remains for further improvement. There are grounds for optimism that economic growth will be sufficient to promote further gains in labor market conditions.