That said, there are other factors specific to Canada that have been holding back trade in recent years. They include a loss of exporting capacity in certain sectors and competitiveness challenges in others. I will come back to this later. 2/6  BIS central bankers' speeches  The seen and unseen growth of services First, though, I want to broaden our discussion of trade.
Despite the difficulties, because undoubtedly we had the debt crisis, as you have said, today the euro has delivered financial and economic stability to the euro zone. It is the second most important world currency now in terms of reserves. And we have an inflation rate that's below 2 %, -but close to 2%.