And I wish a prosperous New Year, 2008, to all your staff, in all your branches, and in your headquarters. But I especially wish prosperity to all our customers, on whose patronage, ultimately, we all depend. Thank you. BIS Review 151/2007  3
And if we adhere to our fiscal rules there is no need to set up the ECB as lender of last resort let alone to call for inflation as a solution for resolving the debt problem. 3.2. Regaining competitiveness  And the same is true with regard to the second problem I mentioned: the lack of competitiveness in some member states.