So here we are, at the start of 2013, facing the same questions as in preceding years: when shall we finally see an end to the global economic crisis and a sustained rebound in growth and job creation?
But it is too soon to declare complete success: we have yet to secure a sustained convergence in inflation towards our goal of close to but below 2% over the medium term. With the recovery underway, we should aim to build euro area resilience to future shocks.