In other words, ladies and gentlemen, we stand to gain more benefits by having an increasingly nurturing environment for microenterprises. Given this, I am confident that the nomination process for CMA that we are launching today will generate an even better harvest for this year.
This outlook is contingent on a continued supportive business environment at the global level and on the pursuit of institutional and structural reforms in the euro area. Headline inflation increased significantly in May, primarily due to higher oil prices, and stood at 2.0% in June according to Eurostat’s flash estimate.