confirms it : estimates from national and international institutions all point to low levels of potential growth, at around 1. 2 %, and relatively high levels of structural unemployment ( the equivalent of the nairu in english - speaking countries ), at around 9 %. clearly, we cannot be content with these levels. all of which brings us back, overwhelmingly, to our four key focuses for reform : enterprise, education, employment and expenditure reduction ( public sector ). our northern european neighbours have shown by example that these reforms 2 / 3 bis central bankers'speeches are not incompatible with our shared european social model. studies by the banque de france show in particular that reforms to the goods and services market could boost the productivity of the french economy by between 3 % and 5 % in the long - term. without further ado then, let me pass the floor to fabrice lenglart, and i wish you all a fruitful and enjoyable conference. 1 www. banque - france. fr / en / secular - stagnation - and - growth - measurement - conference - organised - banque - de - france - and - college - de 3 / 3 bis central bankers'speeches

hendar : increasing cooperation between indonesia ’ s central bank and state police speech by mr hendar, deputy governor of bank indonesia, at the signing of work guidelines between bank indonesia and the state police of the republic of indonesia concerning procedures for implementation of securing bank indonesia and escorting state - owned valuables, jakarta, 23 february 2015. * * * the honorable, • head of baharkam polri, komjen pol drs. putut eko bayuseno, sh • head of korps brimob polri, irjen pol drs. robby kaligis • kadivkum polri, irjen pol drs. moechgiyarto, sh, mhum • departments ’ heads of bank indonesia, attendees and guests assalamualaikum warahmatullahi wabarakatuh, good day and greetings to us all, 1. first of all, i would like to ask us all to praise our gratitudes to allah swt, god the almighty, for his grace we could attend this ceremony of the signing of work guidelines between bank indonesia and the state police of the republic of indonesia ( polri ), in this case the brimob ( mobile brigade ) corps, concerning “ procedures for implementation of securing bank indonesia and escorting stateowned valuables ”. 2. the signing of this work guidelines is a follow - up of the memorandum of understanding signed between the head of the state police of the republic of indonesia and the governor of bank indonesia on “ cooperation in order to support the duty implementation and authority of bank indonesia and the state police of the republic of indonesia ” on 1 september 2014, particularly which governs “ cooperation in the field of securing bank indonesia and escorting state - owned valuables ”. 3. the signing of this cooperation agreement constitutes part of a series of intensive discussions processes at technical level which took place earlier. hence, on behalf of the board of governors, we would like to express our thanks for the support of polri, so that the signing of this work guidelines can be realized. this cannot be separated from the high commitment and support of polri for the implementation of duty and function of bank indonesia. the importance of security aspect for bii attendees, ladies and gentlemen, 4. as we all know, as a strategic state institution, bank indonesia has an important function in the national economy. to run its function, bank indonesia owns a variety of important assets both in the