These issues are of critical importance in the development of the debt markets and it may be useful to quickly review what we have achieved so far and what needs to be done. I will therefore address only those issues that are receiving specific attention in the seminar today.
On the domestic side, investment should be supported by the very favourable financing conditions in the euro area, improved corporate earnings and greater business efficiency as firms continue to restructure. Moreover, private consumption is likely to evolve in line with the development of real disposable income.