Indeed, as we can see increasingly in Europe today, strengthening confidence in the future trajectory of our Union is perhaps the most decisive contribution we could make to growth. Conclusion Let me conclude. The Eurosystem has broad discretion over the tools it can use to deliver its primary objective of price stability.
When we think about coming developments in the global economy and their impact on insurance business, there are many factors that underscore the importance of macro-prudence, including the likelihood of continued low interest rates, sovereign debt problems, and demographic changes.