*  *  *  Question: What will happen if the US politicians fail to agree on lifting the country’s debt ceiling? What would the implications be for the euro area? Trichet: I have no doubt that the US authorities will find an appropriate way to cope with the present difficulties and that they will succeed.
If there are limits and restrictions to the choice of the most profitable combination of productive factors, firms will be inefficient and the full possibilities of a new technology will not be exploited reducing both, the welfare of workers and the employment prospect of the employed.