Über die Krisenzeit hinaus möchte ich auch auf die Leistung der EZB während der ersten 12 Jahre zurückblicken. Schließlich möchte ich auf die dringendsten Herausforderungen, die uns im Jahre 2011 erwarten, eingehen. Actions taken by the ECB during the crisis 2009 was a most challenging year for the ECB’s monetary policy.
Concerns about demographic changes were already raised in the late 1980s, but at that time it was only considered vaguely as an issue for the distant future. However, as our experience shows, ageing has huge implications. It is evident that the vibrant emerging economies in Asia will age in the not-too-distant future (Slide 11).