Hence, even though for the euro area risks for the economic outlook are still tilted slightly to the downside, the recovery should continue. Against this background, the recent increase of inflation in the euro area above 2% has attracted some attention.
Since the main feature that separates Denmark from those countries is the discussion not to participate in stage III of ERM.” Denmark can now point to a positive interrelationship between higher employment and sound public finance. In that respect, Denmark is a model for us in Germany. Our country is at present in the process of rethinking, and facing up to these difficult challenges.