Let me mention two of them: structural reforms and fiscal policy. First, a continuation of structural reforms is necessary and they should be seen beyond the confines of national economies. They could, inter alia, increase the growth potential of the euro area and make it more resistant to shocks.
Price developments may deviate from the forecasts due to deviations of economic activity from the projected path, and also to factors unique to prices, for example, emergence of inflationary sentiment or the effects of various measures to promote competition such as deregulation.