En résumé, Chers collègues, un des risques de déclin que nous signalions depuis la publication de nos prévisions économiques, à savoir les risques de déclin du marché nord-américain des prêts hypothécaires à haut risque et son impact sur l’économie des États-Unis, s’est matérialisé.
In short, ladies and gentlemen, there is no doubt that, given that one of the risks of decline which we had been warning about for some time when we published our economic forecasts – risks of a decline in the US mortgage market and its impact on the US economy – has materialised, growth this year and next year in the European Union and in the euro area is not going to exceed our forecasts given in May this year.