These risks call for clear and effective communication strategies by central banks, while the authorities in emerging economies should further strengthen policy buffers and further advance structural reforms. Another delicate policy challenge regards the relation between monetary and fiscal policies.
He had after all just celebrated his second marriage to Maria of Castille, the sister of the great Queen Isabel. You see then how European history and politics are present in every stone. As this lengthy introduction shows it is difficult for me to resist the historic spell of the place.