To this end, it is crucial – and I should like to encourage you – to make as much progress as possible in the introduction and acceleration of structural reforms aimed at increasing mobility, promoting flexibility in price and wage settings, enhancing competition and reducing distortions in product and labour markets.
We take this responsibility with the utmost seriousness as it directly affects the lives of 330 million citizens of the euro area. Since the launch of the euro in 1999, we have fulfilled our mandate even through difficult times. We will continue to fulfil this task.