The government has done very little on reforms. We are not getting those reforms which were proposed last year.
Unless things go completely wrong, the ECB is prepared to raise rates by a quarter point in March.
The preference to creating jobs is increasing and fear of unemployment among people has decreased.
For the ECB it's about inflation risk management rather than inflation fighting. That's a crucial difference. If it was about fighting inflation, he could be much more aggressive and pre-commit.
We have a more mixed picture (and) that would have made some people rethink economic prospects maybe towards the end of the year.
The leading indicators are giving a realistic picture. We are expecting growth in Germany of 0.6 percent in the first quarter.
The economic recovery has clearly gained more traction in recent weeks and the more normal growth performance is likely to allow the ECB to continue with its still-young campaign of interest rate normalization.