The aggregate supply of capital goods on a basis excluding transport equipment – a coincident indicator of machinery investment – has been on a moderate uptrend, with the fluctuations smoothed out; it was temporarily flat in the July-September quarter of 2014, but rose again in the October-December quarter.
Before talking about Eurobonds, we should identify the necessary reforms that focus on the ultimate objective: institutional arrangements which provide credible incentives for sound fiscal and economic policies. Dear Chair, Honourable Members, I thank you for your attention. BIS central bankers’ speeches  3