In order to foster a dialogue on such needs, the ECB hosted an event last week at which providers demonstrated the apps they have created to support instant payments and exchanged views about the extent to which they would meet customer needs.
But, as I said in a speech in Moncton two weeks ago, at times like this, it is also very important that we step back and look past current developments, to the longer-term trends and potential of our economy. Viewed from this angle, the outlook is brighter. The progress that we have made over the past decade in strengthening our economic foundations is remarkable.