Supporting growth and employment is thus crucial to bringing inflation back to target.
*  *  *  I wish to thank Georgi Krustev, Alexander Popov and Philip Vermeulen for their contributions to these remarks. I remain solely responsible for the opinions contained herein. Ladies and Gentlemen, It is a pleasure for me to be here with you. Today, I would like to discuss the risks which characterise the long-term outlook for the euro area.