It is a necessary condition for growth and job creation in the euro area. I think that this solid anchoring of inflation expectations and the credibility of the ECB to deliver price stability in the medium term is positive for all countries in the euro area, including those that have adjustments to implement.
Mark Carney: Bank of Canada’s perspective on the current state of the domestic and global economies Opening statement by Mr Mark Carney, Governor of the Bank of Canada, to the House of Commons Standing Committee on Finance, Ottawa, 10 February 2009. *  *  *  Good morning.