Mr Praet says the ECB did raise interest rates when inflation was very low and was criticised for it.
BBC: Is the eurozone crisis over? A central banker's view
Mr Praet says public debt usually increases because politicians try to push problems into the future onto the next generation - who cannot vote.
As far as the immediate crisis is concerned, I get the feeling that Mr Praet thinks the ECB has done its bit for now.
But Mr Praet also agrees that reforms are difficult and when the economic and financial situation improves there is a temptation for governments to delay.
Mr Praet doesn't say how he would vote if he were Italian, but he clearly has a lot of time for the technocrat in charge now, Mario Monti.
Mr Praet didn't say that in so many words.
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