But the main driver is culture, not economics.

The introduction of the euro has already acted as a major driving force for financial integration .

In particular , gross fixed capital formation was the key driver of output growth .

1 . Maastricht Treaty signed in 1992 Three stages towards EMU I. Single European Market II .

ECB and the euro 1 Named after Pierre Werner , then Prime Minister of Luxembourg .

Second, they will not be overly reliant on the world economy, and their engine of economic growth will be internal rather than external.

Economic growth gradually became more broadly based and increasingly self sustaining , with domestic demand in particular fixed investment as the main driver .

Looking at the counterparts of M3 , the expansion of credit to the private sector remains the main driver of monetary dynamics .

Thus , when the counterparts of M3 are considered , the main driver of strong monetary growth remains the expansion of credit to the private sector .

The breakdown of MFI loans to households by purpose indicates that the main driver of borrowing remained house purchases .

As regards external demand , exports were a main driver of real GDP growth in most new Member States , notably the Baltic States , the Czech Republic , Hungary and Poland . However , the contribution of net exports to real GDP growth varied significantly across the non euro area EU countries and was broadly neutral for the group as a whole .

Domestic demand remained the main driver of economic growth in the third quarter , confirming the sustained nature of economic expansion in the euro area .

A third driver of recovery is the fact that banks and financial markets are now better insulated from the turmoil in Greece.

The Trans Caspian Railway arrived in 1889, and the railway workers who built it settled in Tashkent as well, bringing with them the seeds of Bolshevik Revolution.

Global manufacturing activity was the key driver of the economic recovery , although , after some faltering , activity in the services sector also gained traction .

Prince Henry the Navigator of Portugal (d. 1460) sent expeditions that discovered the Canary Islands, the Azores, and Cape Verde during his lifetime.

The economic recovery gradually broadened in the course of the year , and the nature of the economic expansion became increasingly selfsustaining , with domestic demand acting as the main driver .

Big, big problem.

Many of these barriers appear to be due to national regulations , for example administrative procedures for setting up subsidiaries in other euro area countries or the use of discretionary powers by local authorities . Following a decade of continuous improvement , the decline in the percentage of EU Internal Market legislation which Member States have not yet transposed into national laws came to a halt in 2002 .

The height of French mercantilism is closely associated with Jean Baptiste Colbert, finance minister for 22 years in the 17th century, to the extent that French mercantilism is sometimes called Colbertism.

While domestic demand remained the main driver of economic growth in 2005 , early signs of a recovery in exports ( notably to China ) became evident towards the end of the year .

Thus , credit continues to expand rapidly and in a broad based fashion , thereby remaining the main driver of the current strong monetary growth when viewed from the counterpart side of the MFI balance sheet .

A breakdown of MFI loans to households by purpose indicates that borrowing for house purchase continued to be the main driver of overall lending to this sector in 2009 . The annual growth rate of loans to households for house

Huge boom. Huge boom. Huge bust. Huge bust.

Live it large. Live it large.

It also further confirmed the assessment that economic activity was continuing to expand robustly , with domestic demand remaining the main driver in the third quarter .

Domestic demand remained the main driver of economic growth , thus confirming the anticipated broadening of the recovery and pointing to the increasingly self sustaining nature of economic expansion in the euro area .

This effort has been built on three pillars decisive implementation of past commitments, boosting investments as a powerful driver of the global economy, and promotion of inclusiveness so that the benefits of growth are shared by all.

But, while the pursuit of self interest may be advantageous in certain contexts, it is not the only, or even the principal, driver of human behavior and it is not conducive to overcoming today s most pressing global issues.

Domestic demand remained the main driver of economic growth in the third quarter , confirming the anticipated broadening of the recovery and pointing to the increasingly self sustaining nature of economic expansion in the euro area .

She's got a big smile. She's got a big personality.

Big hand for her. Big hand for her.

ECB Annual Report 2005 particular , the strength of the growth in the most liquid components and the dynamism of demand for credit suggest that during the latter period a key driving factor of monetary growth has been the low level of interest rates .

Economic expansion gained momentum in the first half of 2006 and became gradually more broadly based and increasingly self sustaining , with domestic demand as the main driver .

There is big thermal activity, big difference in altitude also.

A large rock is large a small one is small.

Great Plague and Great Fire In 1665, Charles was faced with a great health crisis the Great Plague of London.

4 At the same time , while lower demand appears to be a major driver of the decline in MFI loan growth , survey evidence suggests that substantial weaknesses within the banking system may have adversely affected the supply of credit during the year .

Great person.

Big Picture

Large Small

Huge Masses

How big?

How big?

I'm big.