We will all need to put systems in place that will ensure that our employees aim for high levels of productivity, this will include reducing work stoppages, reducing absenteeism and a closer control of wage costs. This, coupled with the nurturing of a culture of greater entrepreneurship, will be the key to getting the best out of CSME.
Ladies and gentlemen, in line with our stated intention, the Vice-President and I are here today to report on the outcome of today’s meeting of the Governing Council of the European Central Bank. The length of my introductory statement reflects the importance of the matters dealt with today.