As a second means of draining reserves, the Federal Reserve is also developing plans to offer to depository institutions term deposits, which are roughly analogous to certificates of deposit that the institutions offer to their customers.
The Arab region is a key partner for the European countries and both sides attach great importance to building strong, meaningful relationships. As you all know, the EU and its Mediterranean partners have in 1995 created the European-Mediterranean partnership, also known as the Barcelona Process, to lay the foundations of a new regional relationship.