The weakening of the international economic situation is mainly due to the fallout from Russia's aggression against Ukraine and the relative geopolitical tensions. Inflation remains high at global level, driven by the exceptional increases in the prices of energy commodities and food products.
Jörg Asmussen: Intervention in a panel on “The future of Europe” Speech by Mr Jörg Asmussen, Member of the Executive Board of the European Central Bank, at the IIF (Institute of International Finance) 2013 Spring Membership Meeting, Paris, 26 June 2013. *  *  *  Mr Prot, Ladies and gentlemen, Thank you for inviting me to speak on this panel.