However, the potential offered by the large euro area market is clearly already there to be exploited. Given the changes for the better on the structural side, I am confident that the euro area offers excellent opportunities for doing business. The current growth prospects are favourable and Europe can rely on a central bank which is firmly committed to maintaining price stability.
With the rapid stabilization of US banks, volumes in these operations declined significantly in 2009 and were soon discontinued.1 Policy focused instead now on the market  1  The major exception being the swap agreements with foreign central banks, most notably the ECB, but these operations addressed USD requirements by Non-US banks.