First, many of you would be aware that small and medium enterprises (SMEs) constitute an important segment of the industrial and services sectors in India in view of their significant contributions to employment generation as also exports.
1)  The ECB’s actions since its creation: permanent alertness, resolute action and fierce independence  Let me first reflect on the ECB’s actions since its creation. With current discussions sharply focused on how to deal with the financial and sovereign debt crisis, it is sometimes forgotten that our primary objective is to maintain price stability in the euro area.