Indeed, the future finds its roots in the past, and the present is precisely what brings both together. So, my plan is to first walk with you through time, starting on 14 September 2008 – the day on which Lehman Brothers failed, now exactly ten years ago and which marked the start of the global financial crisis.
I will then say a few words on where we stand in the euro area at the current juncture and seize the opportunity to briefly explain the monetary policy decisions the Governing Council of the ECB took yesterday.