Frank Moraes was an eminent journalist who was known for having extended the realm of journalism to socio-political dimensions of development, fearless comment of the highest in the land and a broader vision of India, both within and outside the country. He was fiercely independent, with full faith in his own convictions. He is rumored to have kept his resignation letter in his pocket.
Overall, labour market conditions remain weak. Recent developments in short-term indicators, notably survey data,  BIS central bankers’ speeches  1  indicate that weak economic sentiment has extended into spring of this year. Looking ahead, euro area export growth should benefit from a recovery in global demand and our monetary policy stance should contribute to support domestic demand.