To the contrary, it should be used to enhance staff performance. I call upon your undivided support of and active participation in bank-wide programmes. It is this way that, together, we will improve the effectiveness and efficiency of Bank Services. I hope you will reflect what I have just said in your deliberations today. With these few words, I declare the workshop open.
Lorenzo Bini Smaghi: Intervention at Sveriges Riksbank conference “Monetary policy in an era of fiscal stress” Intervention by Mr Lorenzo Bini Smaghi, Member of the Executive Board of the European Central Bank, in the panel “Challenges for monetary and fiscal policy”, at the Sveriges Riksbank conference “Monetary policy in an era of fiscal stress”, Stockholm, 17 June 2011.