Essentially, if the policy choices by governments are more favourable to economic performance, then some of this stagnation fear may fade. Do you mean countries that have a fiscal margin to use investments to boost growth, like Germany, should act?
That’s one element, but the other element which is for everyone, all countries – for Germany, for Italy, for every country – is that there are many non-financial policies that matter. It’s too narrow just to say let’s look at the budget deficit. We know that sometimes some of these policies take years to pay off.