As a consolidated economic entity, whether at the level of the euro area or of the European Union as a whole, we are macroeconomically close to balance with no significant current account imbalances. We are financing our own investment with our own savings. Which is not necessarily the case in the US.
But on the other hand, we have an economy that is not sufficiently flexible. We have to embark on bold, structural reforms and be very much active on that if we want again growth and prosperity. In terms of structural reforms, is this an urgent need for Portugal?