While we will see a moderation in growth rates over the coming quarters, both in the euro area and also in Germany, already at the turn of the year we will have reached the through. Moreover, the moderation in growth rates in the quarters ahead have to be seen against the positive developments in Q1.
These institutions will work as the protype in developing the methodology and expertise in these areas and then this protype will be replicated through the mainstream financial institutions in the country. This is the only durable basis through which the poor can benefit from financial sector of the country.