In March 2006, the Bank adopted the idea of outlining its assessment of economic activity and prices, which forms the basis of monetary policy conduct, from "two perspectives."
I am committed to continuing the fruitful dialogue that has been established between the ECB and the EPC over the years in the same spirit of openness and trust. Let me first discuss the SEPA project as it stands now in comparison with the situation in mid-2010. Then, I will make some remarks on cash.