But I am hopeful that this state of affairs - as far as Sweden is concerned - will not persist for too long. As the president of the Deutsche Bundesbank and a member of the Governing Council of the ECB, I have been following the recent debate in your country on the merits and drawbacks of joining the euro area with particular interest.
I hope you will therefore allow me to take advantage of your invitation to argue in favour of the Eurosystem’s approach to the attainment of lasting price stability which contributes to an environment conducive to lasting growth.