*  *  *  Introduction Ladies and gentlemen, it is a pleasure to be here today. The title of today’s conference “Towards a European foreign economic policy” could hardly be more topical. Indeed, the world is facing challenges not seen for decades – challenges that are truly global. The solutions will thus need to be global too.
Consolidated result (RHS) Interest payments (RSH) Revenues (LHS) Expenditures (LHS)  8 6 4 2 0  2019*  -4.8  -3.2 -3.7  10  2017  -4.6  -2.9  -3.1  2018*  -4.4  -2.4  2016  -2.6  -1.9  2015  -1.3  12  2014  -1.1  -1.3  Net FDI  14  2013  -0.8  CAD  16  2012  -0.6  18  2011  -0.8 -1.9  20  2010  30  1.2  22  2009  40  8 7 6 5 4 3 2 1 0 -1 -2 -3 -4 -5 -6 -7 -8  2008  50  2007  (in % of GDP)  Source: NBS.