Second: Cross-border investment flows Cross-border investment flows should be welcomed by recipient countries and encouraged by source countries, as many countries in our Area need to set rules to enable the establishment of large projects for the purpose of creating jobs.
The decisions of the Governing Council of the European Central Bank (ECB) have guaranteed internal price stability. With an average HICP increase of just 1.1% in 1999 and 2.3% from January to November 2000, the euro area has one of the lowest levels of inflation worldwide.