We also need increased product market competition and greater investments in education to facilitate restructuring and to foster innovation and the adoption of new technologies. And third, we at the ECB have the responsibility to continuously ensure low and stable inflation. This will support the purchasing power of euro area households, facilitate price comparisons and lower the real cost of credits.
As we have delivered on this in the past 11 years, I am confident that we will continue to do this in the future. Thank you very much for your attention. BIS Review 140/2010  3  4  BIS Review 140/2010  BIS Review 140/2010  5  6  BIS Review 140/2010  BIS Review 140/2010  7