In view of the continued tight employment situation and of developments in prices, it is my consideration that the conditions are being prepared for wages to start rising in the form of increases in base pay and bonus payments.
Reflecting on what the term “wider circles” means for the euro, I think of the EU Member States that still use their national currencies and that aim to adopt the single currency in the future, and in particular the ten new Member States that joined the EU earlier this year and their path towards the euro.