1  Not playing down achievements of reforms  Current discussions on open issues in Europe and potential risks might create the impression that progress since the recent crisis has been insufficient and that flaws in the Seite 2 von 10 Deutsche Bundesbank, Directorate General Communications Wilhelm-Epstein-Strasse 14, 60431 Frankfurt am Main, Germany, Tel: +49 (0)69 9566 3511 or 3512, Fax: +49 (0)69 9566 3077 presse@bundesbank.de, www.bundesbank.de Reproduction permitted only if source is stated.
This is not per se a problem – but interest rates that are too low for too long can eventually lead to distortions.