If you want to know more about him, go to Google, look up Herbert Stein, and find the speech that his son Ben delivered at the first Herbert Stein Memorial Lecture, in 2012. And I’m very happy indeed that Herb and Mildred’s two children, Rachel and Ben, are here tonight.
There are still, therefore, downside risks to the outlook for economic activity in the euro area, although the current low level of interest rates should help to counterbalance these. Turning to price developments, according to Eurostat's flash estimate, annual HICP inflation was 2.2% in December 2002, unchanged from November 2002.