Economic recovery of the Eurozone from 2013 onwards With the help of a strong policy response by member states and EU institutions, not least the European Central Bank, and by reforming the Eurozone economic governance and institutional set-up, Europe eventually managed to overcome the financial and economic crisis. 1/6  BIS central bankers' speeches  However, the institutional response has not yet been completed.
In a situation like the 1/3  BIS central bankers' speeches  present when external uncertainties are high, we should identify our vulnerabilities objectively and address them properly. From the long-term perspective, we should also continue working to create an environment in which the Korean economy can sustain stable growth.