In order to encourage businesses to take up such a challenge, there is a need to aggressively create a more favorable environment through such means as deregulation, for example. If growth potential is enhanced through these efforts, the business outlook will improve and inflation will gradually become higher. II.
The founding fathers of Economic and Monetary Union (EMU) built the European house from its foundations. They could count neither on guidelines nor on predetermined rules. We are still progressing. An ambitious agenda lies in front of the European Leaders. It is a visionary agenda, and despite all the current challenges it is being pursued with determination.