There is a recovery, it's doubtless under way. There are signs that indicate that the economy is improving.

In Italy, after stagnating in 2005, the economy now shows some signs of recovery.

Interest rates do not have to be identical across the whole euro area, but it is unacceptable if major differences arise from broken capital markets or concern about a euro area break-up.

I trust the people who are working with me. I delegate.

Governments must commit to sound economic and financial policies. This is how we ensure reform in the euro area - and our independence.

Within our mandate, the ECB is ready to do whatever it takes to preserve the euro. Believe me, it will be enough.