The eurozone still needs fiscal and monetary support. That is why we would very much love to know for how long you expect the region to still need the proverbial crutches that you cited? In terms of real gross domestic product (GDP) we are likely to be back to the pre-COVID-19 level that we had in December 2019 – if the Delta variant doesn’t ruin our plans – in the first quarter of 2022. That is one quarter earlier than we had expected in our projections in March. We have to take the economy through the pandemic and into a recovery phase, which has now started. We need to really anchor the recovery. We always talk ... (full story)