We have introduced new measures to ensure price stability by removing unfounded fears about the euro area. These measures are supporting financial market sentiment while deeper reforms are implemented across the euro area. However, our measures can only build a bridge towards a more stable future.
It must be completed with decisive measures by governments to address fundamental challenges and complete the euro area’s institutional architecture. They are currently making progress in this direction. The key challenge going forward is to ensure that the immediate upturn strengthens rather than weakens this commitment.