And not only their quality, of course. Yesterday morning I spoke in Croatia about the need to improve the efficiency of the judicial system. It is fair to say that many reforms have already been undertaken across Europe and that many countries are now seeing the benefits of such policies. For the last couple of quarters, every new GDP data release by Eurostat has been a positive surprise, while forecasters have been raising their GDP forecast for the EA and the EU. However, while growth has resumed in all countries, medium-term growth potential in the region is insufficient to ensure pre-crisis pace of real convergence. Namely, for convergence to be sustainable, long-term potential per capita growth must be consistent with an expansion of demand. In other words, GDP growth that results from strong capital inflow, foreign demand shock, or fall in interest rates due to perhaps euro area enlargement process, could prove to be unsustainable. So, the question is, did we take convergence for granted? Was one of the great features of the European integration process only a temporary and unsustainable phenomenon related to the 2  initial 'low-hanging fruit' reforms that corrected vast resource misallocation problems, followed by a huge inflow of foreign capital before the crisis? Will convergence return back to a faster speed, will it continue at a slower speed, or maybe even stop or reverse? Is convergence still here and, even more importantly, is it here to stay?
We need to ensure broad support for the reform agenda especially since there might be some short-term costs of certain reforms. However, according to the EBRD data not only is the difference in the percentage of people who support market economy approximately twice lower in our region than in Germany, but it has actually declined in the last ten years, diverged, and the same applies to the support of democracy as a political system. This is where policy transparency and communication will play a tremendously important role. And clearly, not everything we do will always get full support from the broad public, especially in the case of 8  structural reforms with long-term gains and short-term costs, but boldness is often rewarded beyond our expectations. Thank you. 9