Since the inception of the single currency we have preserved the Euro area well against inflation – and in the most recent period we also preserved well the Euro area from the materialisation of the risk of deflation. That being said we must remain alert. What was most impressive moment during your career?
There have been a number of moments that I felt were important and impressive. BIS Review 108/2009  3  I’ve been associated very closely to the construction of Europe, particularly to the strategy of my own country towards monetary and fiscal stability and structural reforms.