We could cut interest rates again, by, say, moving the deposit rate into negative territory, and we could provide additional liquidity to the banking sector. Which of these options – if any – we will use depends on the economic developments. We could also combine these measures. As for the crisis in Europe, would you say that the worst is over?
I would say that the worst of the financial crisis in a narrow sense is over. The main task of European authorities this year and last year was to stabilise financial markets. This has been largely successful: markets are much calmer and have more confidence in European recovery now. The main task next year will be to get the economy going.