And, usually, the aspect of an achievement that is most worth recognizing is not the achievement itself but the spirit of energy, determination, and courage that made it possible. So, let me say to today's honorees: Thank you. Thank you not only for serving as a role model for your peers in high school but also for being exemplars for us all.
1)  The ECB’s actions since its creation: permanent alertness, resolute action and fierce independence  Let me first reflect on the ECB’s actions since its creation. With current discussions sharply focused on how to deal with the financial and sovereign debt crisis, it is sometimes forgotten that our primary objective is to maintain price stability in the euro area.