If current account deficits continue to boost the negative international investment position, eventually the cost of servicing that position, which so far has been quite modest, would rise to an unsustainable level. Obviously, the current account would have to adjust to ensure that excessive debt burdens are not maintained.
I’d like to thank you, Ewald, for the trust given to us in this collaboration, but also your fellow Governing Board members Andreas Ittner, Kurt Pribil and Peter Mooslechner. And I’m quite certain that Professor Holzmann, too, will continue in the same manner.