We will now report on the outcome of today’s meeting of the Governing Council, which was also attended by the Commission Executive Vice-President, Mr Dombrovskis. The euro area is facing an economic contraction of a magnitude and speed that are unprecedented in peacetime.
Toshihiko Fukui: Reflections on what is happening in the global economy today Summary of a speech by Mr Toshihiko Fukui, Governor of the Bank of Japan, at the 2005 IIF Annual Meeting, Washington DC, 25 September 2005.