This same picture has been pretty consistent from the liaison the Bank does with its fairly extensive list of contacts, numbering about 1,500, around the country. Those exposed to household spending are finding conditions subdued, while those exposed to the infrastructure and mining build-up are often struggling to keep pace. Some of that demand has, of course, been supplied from abroad.
Only then, can Capital Markets Union foster financing flows that support economic growth in a sustainable way. Dear participants, let me wrap up my address. 17. I presented to you a central banker’s view on Capital Markets Union, and why I think this a very important initiative. Today, the discussion on Capital Markets Union is still at an early stage.