The challenge we are confronted with is that of generating and maintaining high levels of employment and productivity to ensure a lasting trajectory of growth and convergence with our European partners. We’re talking about the deep institutional and structural foundations of the economy. The task is hard and will take time to complete before it bears fruit.
This means we need to be determined and tenacious and focus on what really matters from a long-run perspective. I will of course be happy to take questions, or listen to any comments you may have. Thank you for your attention. 3/3  BIS central bankers' speeches