3 Bundesbank Representatives in Mumbai That, too, is why it is also so important to us at the Bundesbank to have a permanent Representative here in Mumbai. For the past four years, you, Mr Kern, were our Representative in India. I would like to thank you very much for this!
At the same time, financial market developments seem to reflect a somewhat more optimistic assessment of the economic outlook both inside and outside the euro area. On the whole, we continue to expect a gradual strengthening of economic activity in the euro area.