The world economy has lost much of its momentum and that has affected us too.

It must be taken into consideration that the euro-area economy is growing only moderately and the price risks are limited.

The German economy has started this year with a flourish and is heading for the first real upswing since the boom year of 2000.

The planned hike in VAT of three percentage points could seriously hinder the economy in 2007.

The Japanese economy is making its most serious attempt not to disappoint. The yen will strengthen.

I think that I can listen to the arguments of my colleagues and of other management in this company, but then I make the decision.