Moreover, also a further opening up of network industries, representing around 9% of euro area production and 7% of euro area employment, should be beneficial for consumers as some substantial price reductions in the telecommunication sector over the last years have shown.
There is an obvious need for increasing of growth potential in order to create more jobs and faster real convergence with the EU. 2  Sound monetary policy and stable financial system should be supportive for better economic performance, and we are very committed to work in this direction.