For example, the ECB and the other Eurosystem central banks regularly meet with Bank Al Maghrib and the other central banks of the Mediterranean region in the framework of highlevel seminars, in which they discuss economic and financial issues of common interest. *** Let me start by saying a few words about the current economic outlook in the euro area.
Real GDP in the euro area grew by 1%, quarter on quarter, in the second quarter of this year. Growth has been supported mainly by domestic demand, but also reflects some temporary factors. Recent statistical releases and survey evidence generally confirm our expectation of a moderation in the second half of this year in the euro area.