The biggest growth potential lies in the private debt securities market, the development of which would be essential for private investment, especially in transportation and energy infrastructure as well as in housing.
*  *  *  Accompanying slides can be found here: http://www.ecb.europa.eu/press/key/date/2014/html/sp140909.en.pdf I would like to thank Florian Heider for his contribution to this presentation. All opinions expressed remain mine. Ladies and Gentlemen (Slide 1), It is a pleasure to be here with you tonight. The Money Market Contact Group plays a key role in informing the ECB’s decision making process.