I would like to concentrate on two of them: first, we need to attain higher sustainable growth in Europe while maintaining price stability; and second, we have to make the enlargement of the EU and, later on, of the euro area a success.
The low inflation rates reflect a continued sluggish recovery in the aftermath of the global financial crisis. Numerous reasons can be considered as root causes for this dismal performance. Next to recent declines in oil prices, the combination of low inflation and low growth essentially points to a lack of demand holding back the recovery.