In this interview excerpt, Christian Noyer, Vice-President of the European Central Bank from 1998 to 2002 and Governor of the Banque de France since 2003, describes Tommaso Padoa-Schioppa’s sphere of activity as a member of the Executive Board of the European Central Bank from 1998 to 2005.

In this interview excerpt, Christian Noyer, Vice-President of the European Central Bank from 1998 to 2002 and Governor of the Banque de France since 2003, outlines the stance taken by Tommaso Padoa-Schioppa, a member of the Executive Board of the European Central Bank (ECB) from 1998 to 2005, on the ECB’s policy of medium-term price stability, which he believed should not rule out the ECB’s contribution to the development of other European Union policies on employment and growth.