--- title: "Meaning & Key Takeaway of: There could be some compromise, but I…" description: "\"There could be some compromise, but I think we have to stick to the provisions of the treaty, and the provisions of the treaty are saying that the pres..." image: "https://sms4smile.com/quotes/i/bfb/jacques-santer-52839_central-bank_there-could-be-some-compromise-but-i-thi_13854.jpg" --- # There could be some compromise, but I think we have to… ![“There could be some compromise, but I think we have to stick to the provisions of the treaty, and the provisions of the treaty are saying that the president is appointed for a mandate of eight years time. I think it would be very damaging for the European Central Bank if there would be a splitting…” quote by Jacques Santer](https://sms4smile.com/quotes/i/bfb/jacques-santer-52839_central-bank_there-could-be-some-compromise-but-i-thi_13854.jpg) [Download](https://sms4smile.com/quotes/i/bfb/jacques-santer-52839_central-bank_there-could-be-some-compromise-but-i-thi_13854.jpg) [Open image](https://sms4smile.com/quotes/i/bfb/jacques-santer-52839_central-bank_there-could-be-some-compromise-but-i-thi_13854.jpg) > “There could be some compromise, but I think we have to stick to the provisions of the treaty, and the provisions of the treaty are saying that the president is appointed for a mandate of eight years time. I think it would be very damaging for the European Central Bank if there would be a splitting of this mandate.” [Jacques Santer](https://sms4smile.com/quotes/author/jacques-santer/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Stresses the importance of preserving the ECB's eight‑year presidential term to avoid institutional fragmentation and maintain policy continuity. **In simple terms:** Advocates for treaty‑based stability in central banking leadership. Key Takeaway Mandate stability is crucial for credibility. Themes governance institutional stability policy continuity European integration central banking Mood serious analytical Type policy statement political remark When to use this quote - policy debates on ECB leadership - legislative discussions about central bank reforms - media analysis of European financial governance Key Concepts mandate length treaty provisions ECB independence Practical Applications - guiding legislative proposals - informing public commentary Questions to Reflect On - What risks arise if the ECB’s leadership term is altered? - How does a fixed mandate affect market confidence? ★ ★ ★ ★ ★ No ratings yet [Central bank](https://sms4smile.com/quotes/about/central-bank/) [Central banks](https://sms4smile.com/quotes/about/central-banks/) [Compromise](https://sms4smile.com/quotes/about/compromise/) [Europe](https://sms4smile.com/quotes/about/europe/) [President](https://sms4smile.com/quotes/about/president/) [Thinking](https://sms4smile.com/quotes/about/thinking/) [Time](https://sms4smile.com/quotes/about/time/) ## Related quotes > [Repeal the entire Banking Act of 1933, and Austrian School economists will cheer, especially if the current system were replaced by a 100%-reserve competitive…](https://sms4smile.com/quotes/llewellyn-rockwell/repeal-the-entire-banking-act-of-1933-and-austrian-school-economists/) [Llewellyn Rockwell](https://sms4smile.com/quotes/author/llewellyn-rockwell/) > [More paper money cannot make a society richer, of course — it is just more printed paper. Otherwise, why is it that there are…](https://sms4smile.com/quotes/hans-hermann-hoppe/more-paper-money-cannot-make-a-society-richer-of-course-it-is-just/) [Hans-Hermann Hoppe](https://sms4smile.com/quotes/author/hans-hermann-hoppe/) > [The modern banking system manufactures money out of nothing. 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Edward Griffin](https://sms4smile.com/quotes/author/g-edward-griffin/) > [We can tell the general public that the gold and foreign currency reserves of the Central Bank are not designed to finance the economy,…](https://sms4smile.com/quotes/vladimir-putin/we-can-tell-the-general-public-that-the-gold-and-foreign-currency/) [Vladimir Putin](https://sms4smile.com/quotes/author/vladimir-putin/) > [There are five main purposes of central bank cooperation"..."the provision of international credits and joint efforts to influence asset prices (especially gold and foreign…](https://sms4smile.com/quotes/william-smith-white/there-are-five-main-purposes-of-central-bank-cooperation-the/) William Smith White > [Business cycles lengthened greatly during the 20th century, as central banks learned to manage national economies by raising and lowering interest rates.](https://sms4smile.com/quotes/alex-berenson/business-cycles-lengthened-greatly-during-the-20th-century-as-central/) [Alex Berenson](https://sms4smile.com/quotes/author/alex-berenson/) > [What central banks can control is a base and one way they can control the base is via manipulating a particular interest rate, such…](https://sms4smile.com/quotes/milton-friedman/what-central-banks-can-control-is-a-base-and-one-way-they-can-control/) [Milton Friedman](https://sms4smile.com/quotes/author/milton-friedman/) > [Central banks are choosing to increase their gold holdings as a percentage of total reserves. They obviously think there is a reason to do…](https://sms4smile.com/quotes/peter-schiff/central-banks-are-choosing-to-increase-their-gold-holdings-as-a/) [Peter Schiff](https://sms4smile.com/quotes/author/peter-schiff/) > [It is clear to me that the financial sector, including CNBC, loves central banks](https://sms4smile.com/quotes/marc-faber/it-is-clear-to-me-that-the-financial-sector-including-cnbc-loves/) [Marc Faber](https://sms4smile.com/quotes/author/marc-faber/) > [We are privileged that the dollar is the "currency of last resort" and the most important currency in the world. Global commodities are priced…](https://sms4smile.com/quotes/kabir-sehgal/we-are-privileged-that-the-dollar-is-the-currency-of-last-resort-and/) [Kabir Sehgal](https://sms4smile.com/quotes/author/kabir-sehgal/) > [By creating the European Central Bank, the member states exposed their own government bonds to the risk of default. Developed countries that issue bonds…](https://sms4smile.com/quotes/george-soros/by-creating-the-european-central-bank-the-member-states-exposed-their/) [George Soros](https://sms4smile.com/quotes/author/george-soros/) > [Welcome to the age of paper money, where governments and central banks can manufacture as much money as they want without limit. Gold was…](https://sms4smile.com/quotes/llewellyn-rockwell/welcome-to-the-age-of-paper-money-where-governments-and-central-banks/) [Llewellyn Rockwell](https://sms4smile.com/quotes/author/llewellyn-rockwell/) > [The central banks cannot control interest rates. That's a mistake. They can control a particular rate, such as the Federal Funds rate, if they…](https://sms4smile.com/quotes/milton-friedman/the-central-banks-cannot-control-interest-rates-that-s-a-mistake-they/) [Milton Friedman](https://sms4smile.com/quotes/author/milton-friedman/) ## More by Jacques Santer > [It is now up to us to see that we embark on the next stage leading to political unity, which I think is the…](https://sms4smile.com/quotes/jacques-santer/it-is-now-up-to-us-to-see-that-we-embark-on-the-next-stage-leading-to/) [Jacques Santer](https://sms4smile.com/quotes/author/jacques-santer/) > [You don't help your enterprise with a policy of protection.](https://sms4smile.com/quotes/jacques-santer/you-don-t-help-your-enterprise-with-a-policy-of-protection/) [Jacques Santer](https://sms4smile.com/quotes/author/jacques-santer/) > [You can't build Europe against anyone.](https://sms4smile.com/quotes/jacques-santer/you-can-t-build-europe-against-anyone/) [Jacques Santer](https://sms4smile.com/quotes/author/jacques-santer/) > [I don't attach importance to great speeches or philosophy.](https://sms4smile.com/quotes/jacques-santer/i-don-t-attach-importance-to-great-speeches-or-philosophy/) [Jacques Santer](https://sms4smile.com/quotes/author/jacques-santer/) > [A quota is always something artificial that can only last for a certain period of time.](https://sms4smile.com/quotes/jacques-santer/a-quota-is-always-something-artificial-that-can-only-last-for-a/) [Jacques Santer](https://sms4smile.com/quotes/author/jacques-santer/) > [In a Union of 15 now, you must take into account the sensibilities of everyone.](https://sms4smile.com/quotes/jacques-santer/in-a-union-of-15-now-you-must-take-into-account-the-sensibilities-of/) [Jacques Santer](https://sms4smile.com/quotes/author/jacques-santer/) [Explore all 7 Jacques Santer quotes ](https://sms4smile.com/quotes/author/jacques-santer/) ## More Central bank quotes > ['Inequality' has become the political theme/slogan of our time in both Europe and the U.S., yet political leaders do not even bother to consider…](https://sms4smile.com/quotes/paul-singer/inequality-has-become-the-political-theme-slogan-of-our-time-in-both/) [Paul Singer](https://sms4smile.com/quotes/author/paul-singer/) > [There is no doubt in my mind that as central banks begin to abandon the dollar, there will be an enormous amount of monetary…](https://sms4smile.com/quotes/porter-stansberry/there-is-no-doubt-in-my-mind-that-as-central-banks-begin-to-abandon/) [Porter Stansberry](https://sms4smile.com/quotes/author/porter-stansberry/) > [Monetary policy transmission encompasses the whole continuum of interest rates; of course, the central bank only determines the overnight policy rate.](https://sms4smile.com/quotes/urjit-patel/monetary-policy-transmission-encompasses-the-whole-continuum-of/) [Urjit Patel](https://sms4smile.com/quotes/author/urjit-patel/) > [The fear is that if the dollar falls below 50% of the currency basket held by commercial and central banks and insurance companies, there…](https://sms4smile.com/quotes/porter-stansberry/the-fear-is-that-if-the-dollar-falls-below-50-of-the-currency-basket/) [Porter Stansberry](https://sms4smile.com/quotes/author/porter-stansberry/) > [Repeal the entire Banking Act of 1933, and Austrian School economists will cheer, especially if the current system were replaced by a 100%-reserve competitive…](https://sms4smile.com/quotes/llewellyn-rockwell/repeal-the-entire-banking-act-of-1933-and-austrian-school-economists/) [Llewellyn Rockwell](https://sms4smile.com/quotes/author/llewellyn-rockwell/) > [In the old days we were the challenger brand competing against the big banks, but today I go round the world and I sit…](https://sms4smile.com/quotes/lloyd-dorfman/in-the-old-days-we-were-the-challenger-brand-competing-against-the/) [Lloyd Dorfman](https://sms4smile.com/quotes/author/lloyd-dorfman/) > [“The Fed is still on the same track.” Whatever you call it, the benign economic environment has supported a bull market since 2009, and…](https://sms4smile.com/quotes/anonymous/the-fed-is-still-on-the-same-track-whatever-you-call-it-the-benign/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [We've delegated politics to bankers. 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Every crisis has its own set of villains - pick your…](https://sms4smile.com/quotes/andrew-ross-sorkin/debt-we-ve-learned-is-the-match-that-lights-the-fire-of-every-crisis/) [Andrew Ross Sorkin](https://sms4smile.com/quotes/author/andrew-ross-sorkin/) > [It is clear to me that the financial sector, including CNBC, loves central banks](https://sms4smile.com/quotes/marc-faber/it-is-clear-to-me-that-the-financial-sector-including-cnbc-loves/) [Marc Faber](https://sms4smile.com/quotes/author/marc-faber/) > [“Money is to an economy as nutrition is to the human body. When central bankers ignore that relationship by providing more capital that functionally…](https://sms4smile.com/quotes/said-elias-dawlabani/money-is-to-an-economy-as-nutrition-is-to-the-human-body-when-central/) [Said Elias Dawlabani](https://sms4smile.com/quotes/author/said-elias-dawlabani/) [Browse all 254 Central bank quotes ](https://sms4smile.com/quotes/about/central-bank/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "There could be some compromise, but I think we have to stick to the provisions of the treaty, and the provisions of the treaty are saying that the president is appointed for a mandate of eight years time. 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