Today I will give you an assessment of the euro area economy and share some thoughts on where I see us heading and on what is needed to ensure long-run sustainable growth.[1] Starting with the positive news, we have good indications that the euro area economy is heading for a continued moderate, but steady recovery, which seems to have become resilient to global economic and political uncertainty. Real GDP growth has expanded for the 13th consecutive quarter, growing by 0.3%, quarter-on-quarter, during the second quarter. The latest incoming economic indicators point to similar growth rates for the coming quarters. ... (full story)