But taking all this into account, we believe wage moderation is of the essence at the level of the euro area as a whole. Would you say that inflation risks for the medium term, i.e. 2008, have increased in the last three months or decreased?
In the opinion of the ECB Governing Council the outlook for price developments in the medium term remains characterised by upside risks. Is the ECB happy with its current target for inflation, or is still there room to revise the definition of price stability?