Incidentally, measured in terms of the monetary base, provision of liquidity has decreased from € billion on 7 May to the current level of € billion and Eonia  BIS Review 97/2010  1  went up from 0.321 to 0.398 yesterday. At the same time, market inflation expectations are well anchored bellow 2% up to 10 years.
Apart from the determination shown in taking appropriate measures, Europe has also recognised that the current episode of the crisis points to the existence of real problems with respect to public finance imbalances and has even exposed some institutional weaknesses in our framework for monetary union, which need to be corrected.