Issing on the monetary pillar of the ECB

In the speech 'The monetary pillar of the ECB' given on 3 June Otmar Issing of the ECB said the ECB's monetary policy has been an undisputed success since the launch of the euro in 1999.

'After six and a half years the success of the ECB's monetary policy is beyond dispute,' he said at a conference.

'We have delivered on our mandate: price stability for the euro area. Medium to long-term inflation expectations have been firmly anchored at healthy levels,' he said.

Issing said the experience of

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