In this respect, I would encourage the European business community to take every opportunity to promote the private use of the euro and increase its role as a vehicle currency and store of value.
they do no longer respond to news about the macro economy.5 This is something we need to keep in mind when designing our communication strategy and when reading the signals from financial markets – the more forward guidance we give, the less informative are market signals for gauging the state and the expected evolution of the economy.