At the end of the day, the prices for these commodities adjust to clear the market, and that has been happening. The prices of Australian commodity exports have fallen by 9 per cent over the past year when measured in terms of a neutral basket of currencies.
This is necessary in order to anchor expectations of fiscal discipline, which is fundamental not only for macroeconomic stability and cohesion in the euro area but also for enhancing confidence and fostering growth prospects in all Member States. The Lisbon strategy Let me now turn to the forthcoming mid-term review of the Lisbon strategy.