For example, reductions in interest rates and increases in public spending, both to stimulate the economy, will become necessary in addition to measures to restore stability in the financial system, such as the bolstering of financial institutions' capital bases and the disposal of impaired assets.
I am very grateful to for this opportunity to exchange views on the credibility of the Euro and on the role of our respective currency areas for a more balanced global economy. Let me start with the credibility of the Euro.