The crisis has posed significant challenges for the euro area. But we have reacted to them. The European Central Bank has been an anchor of stability in a turbulent period. Price stability has been ensured. All countries in the euro area – without exception – have benefited from it.
In 2017, this also resulted in a considerably higher net external capital inflow, notably foreign direct investment, which exceeded the 3  previous projection and reached EUR 2.4 billion, i.e. 6.6% of GDP. Thus, for the third year in a row, it ensured full coverage of the current account deficit.