Table 1: Growth rates Four quarters to June 2000  Two quarters to December 2000 (Annual rate)  GDP  4.9  -0.4  GDP excluding housebuilding  3.8  4.3  Why did house-building have this extraordinary pattern?
Their top priority expectation from the EU is to guarantee the “preservation of peace, the reinforcement of international security and the promotion of international cooperation”.9 There can be no doubt that, as monetary policy makers, the best contribution to social peace we can make to fulfill young Europeans’ expectations is to abide by our price stability mandate.