With regard to price developments, HICP inflation rates over the short term are still expected to fluctuate around the 2% level, following a rate of 2.1% in December, according to Eurostat's flash estimate.
Therefore, I am very much convinced that Europe has also the potential for a New Economy if we are willing to adopt the process of further structural reform. But there are many and good reasons for optimism. An important one is the well-functioning Monetary Union, which opens up many opportunities. Thank you very much for your attention.