As a by-product, it would also simplify the task of the ECB to deliver on price stability. I am glad that Minister Gewessler is with us today and I am looking forward to entering into a sincere dialogue to which OeNB staff can contribute useful analysis.
In the middle of 1991, at the low point of the last serious recession, people were very pessimistic about future employment prospects. The rate of unemployment was in double digits. 1  Parkinson M (2014), “Fiscal Sustainability & Living Standards – The Decade Ahead”, Speech at The Sydney Institute, Sydney, 2 April http://www.treasury.gov.au/PublicationsAndMedia/Speeches/2014/Fiscal _sustainability.