External conditions Let me say a few words about these external conditions. I believe that we should not be overly pessimistic about economic growth in the industrial countries. The euro zone remains an area of stability, even though we have seen some downward adjustments to growth expectations for next year.
Market economies in particular, require a reliable legal framework and well-functioning institutions. It has become evident that restoring confidence also requires social and political reforms. Especially at this juncture, we need a strong IMF, both in crisis prevention and in crisis management.