* * * Accompanying slides The monetary policy measures introduced by the ECB since June 2014 have played a pivotal role in supporting the economy and have proven to be effective in preventing a period of disinflation from degenerating into one of outright deflation.
On the topic of corporate taxation, the focus is mostly on tax avoidance and the use of accounting options by multinational groups. I do believe this to be an important point. And it is clear that economic returns on entrepreneurial activity should be properly taxed. International cooperation is of central importance in order to avoid undesired evasion and distorting accounting options.