Thus, market integration accelerates momentum for competition, and in turn stimulates momentum for reform in other areas of the economy and finance. I believe that every economy has the potential for growth. The problem is how to realize such potential. Structural reform seems to be a trigger in this regard. I know that some are skeptical about the euro area economy.
Several central banks emphasize monitoring CPI inflation excluding housing, food and energy, but in our case similar exclusion would leave the CPI bereft of substantial coverage and information content. 12. Before moving to use of new CPI, we will also need to satisfy ourselves on several other fronts. Does the new CPI ensure sufficient national representativeness in terms of coverage and current consumption baskets?