Inflation risks have risen and the pace of interest rate increases will depend on developments as regards growth and inflation risks.

The overall picture is that the recovery is broadening and deepening. My feeling is that euro-area growth will pick up at a faster pace than generally expected.

Historically rates are at very low levels, and have significantly diverged from their normal level.

If inflation risks increase and if the council reaches the conclusion interest rates have to rise, then they will increase.

Euro-area growth will pick up at a faster pace. Inflation risks have increased since the last forecast.

Medium- and long-term development prospects will depend on the securing of macroeconomic stability and the improvement in the Greek economy's structural competitiveness.

My feeling is that euro-area growth will pick up at a faster pace.