In the end, the strength to overcome the present hardships will come from the inside. Our openness to trade, our balanced and dynamic business structures, our talented and welltrained workforces are part of our future. We know that technological progress will continue unabated in Europe. Companies and people will continue to prove their entrepreneurial spirit in large and small organisations.
Reflection and endurance will be rewarded by a sense of personal fulfilment and by collective progress. Private thrift and a sense of prudent housekeeping are Europe’s primary safeguards against the risk of developing into a bubble economy. All this will be the engine that will steer the economy towards tomorrow’s recovery. Thank you for your attention. BIS Review 125/2009  11