As regards crisis management, the Eurosystem is looking forward to seeing further progress in the complex but crucial area of ensuring private sector involvement in crisis prevention and resolution. Second, the Governing Council approved the overall framework for the EURO 2002 information campaign - a Europe-wide campaign intended to familiarise citizens with the euro banknotes and coins.
And it is picking up, but less quickly than one would expect. So what is holding it back? Well, there are a couple of things – oil and commodity prices, for instance. They suppress headline inflation and make it more volatile. And they also affect core inflation.