I am very pleased to have the opportunity to spend a few days in the United Arab Emirates, one of the most quickly developing regions in the world and in my eyes one of the most fascinating places to be.
I will present some remarks about the outlook for the European (eurozone) economy, the consequences of the turmoil in financial markets (but not about the causes of the turbulence and the first lessons to be drawn: it will be the subject of another speech) and the stance of the monetary policy. The latest news from Europe is not bad.