I already said that we support structural reforms that all governments in Europe are implementing including the future government of President Sarkozy in France. It’s clear that the role of the ECB, the role of the national central banks members of the Eurosystem, in this domain, is more of a catalyst nature.
Today I discussed what I see as the main challenges for central banks worldwide and the ECB in particular. These challenges underline the need for a review of the monetary policy strategy under the new ECB-presidency. And, as I have also tried to illustrate, some of these challenges imply that elements and lessons from other central banks cannot always be transposed onto the ECB.