I will then touch on the subject chosen for our exchange of views, namely the risks and side-effects of our asset purchase programme. Finally, I will say a few words about the current situation in Greece. Economic outlook and monetary policy The latest economic indicators and survey data broadly confirm our assessment that the economic recovery is proceeding at a moderate pace.
In the words of the Honorable Prime Minister of St. Lucia, Dr. Kenny Anthony, addressing the 24th Meeting of the CARICOM Heads of Government in February 2013, “We need a big conversation about the future of our economies.” A credible growth and diversification strategy is not merely a desirable policy option, but absolutely necessary for the region’s very own survival.