Employment, consumption, and investment remain dynamic. Our growth forecast has been corrected slightly downward, but we are staying the course on strengthening public finances. Thus, confidence, but confidence with vigilance. Vigilance will remain the order of the day in Europe. We have had the distinct feeling, over the last several weeks, that the balance of risk has altered, influenced by the global slowdown.
Inflationary pressures are under control.
Our monetary stance will have to take these elements into account. Taking action for development, promoting a better distribution of global growth. Development will be the one of the central issues of the years to come. We must make an unblinking assessment of the last decades. Many objectives were not reached.