European Central Bank, (2016), “Annual Report 2015”, 7 April
2015 was a year of recovery for the euro area economy. Inflation, however, remained on a downward path. Against this backdrop, a key theme for the euro area in 2015 was strengthening confidence. Confidence among consumers to boost spending. Confidence among firms to resume hiring and investing. And confidence among banks to increase lending. This was essential to nurture the recovery and underpin the return of inflation towards our objective of below, but close to, 2%.
Relevant Posts
- European Commission, (2015), “Report on Public Finances in EMU 2015”, Institutional Paper 14, December
- European Commission, “Annual Report on European SMEs 2013/2014: A Partial and Fragile Recovery”, Final Report – July 2014, SME Performance Review 2013/2014.