Indeed, our recent decision to expand our asset purchases, together with energy prices and an exchange rate more favourable to growth, have opened a unique window of opportunity for euro area governments to act together, remove structural obstacles to growth, and pull our economy out of the low growth, low confidence trap.
I also want to take this opportunity to congratulate the AERC for continuing to have a policy-oriented research programme that remains relevant for policy makers. Today’s programme is filled with the right mix of policy practitioners and academics to give us for food for thought. Thank you  Page 4 of 4