The Euro Crisis and the Structure of the Euro Zone

I've read your book and very much recommended. It's really worth your while. And I can't resist asking you, we've seen quite a lot of development within conducting monetary policy. Have you changed your view on a fundamental basis since 2013? Yes, that book was written in the middle of the euro crisis 2012 and published in 2013. But what's happening now is a new test. We've never had inflation in the euro zone since the euro zone was created in 1999. So, this is the first inflation test.