Just a few weeks ago the regulation establishing the Single Supervisory Mechanism (SSM) entered into force and the construction of the Single Resolution Mechanism is on its way. The establishment of the SSM is a fundamental step within the new EMU architecture.
If you want to see the fiscal response or regulatory response that will help monetary policy, you need the ability to talk to political leaders, respecting our different mandates. And finally, good economics never harm. How do you make the public more aware of what the central bank can and cannot do?