We will need to overcome these structural problems wisely in order to sustain our recent growth momentum over the medium- to long-term. First, we will need to loosen the many competitionrestricting regulations and eliminate unfair trade practices, so as to create an environment favorable to dynamic technological innovation and the brisk advent of new industries.
On the unsecured money market, the EONIA (euro overnight index average) reference rate, an interbank overnight interest rate index compiled by the ECB, has established itself as one of the most important, perhaps even the most important, reference rate. The EONIA swap market is now considered the largest overnight swap market in the world.