 In 22, we realized that what we took for granted was precious. Peace, cheap energy, price stability. Russia's horrific war against Ukraine and its people is causing human suffering on a level that we had hoped never to see on European soil again. The war is pushing up energy prices, causing also a surge in inflation across Europe. I know that high inflation hurts everyone, especially the poor. I promise that we will do our utmost to bring inflation down. We are raising interest rates and we will raise them further at a steady pace until they are at a level which ensures a timely return of inflation to our 2% medium target. And we will succeed. In the meantime, I'm really happy that our Euro family is expanding. Croatia will be the 20th member to join the Euro area on January 1st, something I will certainly be celebrating as we ring in the new year. I hope that you all find moments of joy and celebration with your loved ones. In 23, we will find the resolve to defend what is so precious. Peace, freedom and democracy. My warmest wishes to you all.