Conclusion 15 years ago the topic of this conference was the Single Financial Market – and by the way, the keynote speaker back then was Wim Duisenberg.
While the statistical risks to this outlook remain broadly balanced, there is no room for complacency and we are, as always, alert to any unexpected developments. On the upside, the impact of the macroeconomic stimulus packages and other policy measures may prove to be stronger than currently foreseen.