Interest rates do not have to be identical across the whole euro area, but it is unacceptable if major differences arise from broken capital markets or concern about a euro area break-up.

If we do not resolve the euro crisis, we will all pay the price. And if we do resolve it, we will all benefit, particularly German taxpayers and savers.

I trust the people who are working with me. I delegate.

Productivity growth is the only possible way to achieve prosperity.

Governments must commit to sound economic and financial policies. This is how we ensure reform in the euro area - and our independence.

In Latin you say: "Repetita iuvant - to repeat is beneficial". The fewer changes made in a country, the more often I repeat my messages. And it works.

Within our mandate, the ECB is ready to do whatever it takes to preserve the euro. And believe me, it will be enough.