Therefore, it presently appears that it will take somewhat longer than previously anticipated for inflation to come back to, and stabilise around, levels that we consider sufficiently close to 2%. And, finally, let me ask you about the refugee crisis. In your opinion, what will be its impact on Europe?
The human tragedy of this crisis demands that we all participate actively in responding to it. The sheer scale of what is happening will change Europe forever. Indifference or hostility to change are not options. Our elected leaders are already working on a common response.