Should the inflation outlook get worse, we will immediately take preventive steps. And look at the facts, they speak for themselves. Since the founding of the ECB the yearly average inflation rate has been better than in any comparable period prior to the euro. BILD: In two moves, the ECB has put almost € trillion into circulation. That’s inflationary, surely?
Jörg Asmussen: Eurozone cross-fire: the way out of economic recession – assessment of a realist and a response to idealists and cynics Speech by Mr Jörg Asmussen, Member of the Executive Board of the European Central Bank, at the Bank of America/Merill Lynch Investor conference, Washington DC, 20 April 2013.