Euro area real GDP growth was confirmed at 0.3%, quarter on quarter, in the fourth quarter of 2015, supported by domestic demand, while being dampened by a negative contribution from net exports. The most recent survey data point to weaker than expected growth momentum at the beginning of this year. Looking ahead, we expect the economic recovery to proceed at a moderate pace.
But what I do want to do is to use the jubilee as an occasion to have RBI understand that they must make a difference and I want the people of India to understand that the RBI does something that's important in their daily lives. I want our staff to understand that they can make a difference.