In particular, the loss in economic momentum may dampen private investment, and heightened geopolitical risks could have a further negative impact on business and consumer confidence. Another downside risk relates to insufficient structural reforms in euro area countries. According to Eurostat’s flash estimate, euro area annual HICP inflation was 0.3% in August 2014, after 0.4% in July.
Ben S Bernanke: Policy coordination among central banks Speech by Mr Ben S Bernanke, Chairman of the Board of Governors of the US Federal Reserve System, at the Fifth ECB Central Banking Conference “The Euro at Ten: Lessons and Challenges”, Frankfurt am Main, 14 November 2008.