Four out of six members of the executive board are from mediterranean countries now, and these countries generally prefer a weak euro and, currently, low interest rates to stimulate growth (as I said, I disagree with both sides at this time).

I expect that national policy will trump ideology, so the German/Dutch/Austrian hardline policy and the Mediterranean demand for lower interest rates should cancel each other out. It's not a naive scenario - it's what's been happening so far this year.