The assessment of the balance of risks plays a very important signalling function. The Governing Council signalled that risks are increasingly balanced, but still tilted to the downside. We will of course be re-evaluating the situation in the following meetings.”  We see that Draghi sometimes changes half a sentence, and on other occasions alludes to the lower risks.
Mr Greenspan looks at the evolution of bank supervision  Remarks by Mr Alan Greenspan, Chairman of the Board of Governors of the US Federal Reserve System, before the American Bankers Association, Phoenix, Arizona on 11 October 1999. *  *  *  I appreciate once again being invited to participate in your annual convention.