We are currently focused on the crisis, but even before 2008 we did not always experience calm waters. In 1999, we began with a completely new institution – the ECB – and a cooperation among central banks as one unified system.
Over the years, we have had to cope with the bursting of the internet bubble, the aftermath of the events of 11 September 2001, the jump in oil prices to $ per barrel, rising prices of food and commodities, and then of course the worst financial crisis since the Great Depression.