In order to sustain confidence, it is essential for governments to reduce further both fiscal and structural imbalances and to proceed with financial sector restructuring. Let me now explain our assessment in greater detail, starting with the economic analysis. Following a contraction of 0.2%, quarter on quarter, in the second quarter of 2012, euro area real GDP declined by 0.1% in the third quarter.
It is a particular pleasure for me that the author, ShockArt Production and television Studio B, supported by the European Agency for Reconstruction, decided to show that there are positive processes in our society that lead to change and better life. In this respect, the media have a special role, both in terms of education and social responsibility.