Discretionary use of fiscal policy In addition to providing financial support to the banking sector, euro area governments reacted forcefully to counter the negative impact of the financial turmoil on the real economy.
Let me thank you straight off for your attention to this dialogue. This year, there is perhaps an additional reason to spark the city’s interest: Frankfurt is the city of Goethe, the “universal” man of the Enlightenment whose Italienische Reise was an essential bridge between the culture of Germany and that of the Land wo die Zitronen blühen.