In so doing, the Eurosystem strives for the highest level of integrity, competence, efficiency and transparency. This anchoring of medium and long-term inflation expectations in the euro area, which reflects the credibility of the Governing Council of the ECB, is essential.
3.2 Preserve open markets and a competition-oriented economy Ladies and gentlemen The economic growth of our countries will also be influenced by one additional factor: the future of global trade. Not least Ljubljana is a very good example of the welfare-enhancing effects of trade.