On average, the general government primary budget of euro area Member States will be almost in balance this year, and will record a small surplus next year, according to the IMF. However, this has masked significant intra-euro area imbalances in terms of current account positions, competitiveness and public finances.
We have several examples of top class performance, and those involved can bear testimony to the wonderful spirit associated with these events. As we embarked on this journey, with the help of consultants skilled in the new technologies of management, we became aware that we had achieved something essential for the development of this country at our relatively advanced state of human development.