Because of the meeting this week.

Booooooo!

He’s now giving a review of the last few years following the debt crisis. ZZZzzzzzz

  • Decided to raise rates as energy prices drove up inflation
  • Then cut rates as the crisis became more ingrained

Current climate

  • Euro zone now clearly moving in right direction. The glass is at least half full
  • All measures have been taken to protect price stability
  • Inflation remains firmly anchored
  • Worst has been averted, much has been achieved in economic policy making
  • Economy on a better footing than at start of this parliament
  • Program countries undertaken remarkable efforts
  • Euro are has become more resilient
  • Agreement on SRM must be made by end of legislature
  • Promises from governments on bank union must be kept
  • Unemployment still remains unacceptably high
  • Too early to claim “Mission accomplished”