It’s a good idea to step back and lead such a discussion. I hope that the debate will not be held solely within the ECB, but that independent economists and civil society representatives will be involved too.
Looking ahead to the remainder of the year and to 2014, euro area export growth should benefit from a gradual recovery in global demand, while domestic demand should be supported by the accommodative monetary policy stance as well as the recent gains in real income owing to generally lower inflation.