Look up the numbers of the M1, M2 and M3 monetary aggregates in the European Central Bank Euro Area Statistics for the most recent last-year period since the outburst of the global financial crisis....

Look up the numbers of the M1, M2 and M3 monetary aggregates in the European Central Bank
Euro Area Statistics
for the most recent last-year period since the outburst of the global financial crisis. Have their growth rates been similar? What implications does this have for the conduct of monetary policy?