Are You Saying the Measures Were Not Effective in Attaining Your Target?

Otmar issing was also the man who strongly pleaded to use this impatient targetting of the two % in conjunction with very focused attention on monetary and credit aggregates. And so a relatively low inflation with an evolution in the monetary and credit or targets that were on the high side, let me put it that way,. gave you an indication that maybe you should consider or reconsider what you were doing in terms of this monet policies. So as far as i know, as never defended the two % standing on its own. He always saw it together with attention for the monetary andCredit aggregates. At several points in time, they were clearly pointing to the need to have more restrictive policy than