A constraint on services consumption is due to vigilance against COVID-19, and the differences in consumption behavior of each age group reflect the degree of their vigilance. That is, services consumption by the younger generation has recovered rapidly, whereas that by seniors, who are strongly vigilant against COVID-19, saw a significant decline and has picked up at a slower pace.
Handelsblatt: Going back to the EMF, do you think it might send the wrong incentives? Mr Draghi: This danger exists and we must do whatever we can to consider it just an emergency measure exclusively for liquidity purposes. Nobody wants to think about the Fund as a mechanism that could resolve the crisis.