And finally, the euro creates a platform for financial integration and development which, in turn, are important determinants of competition and productivity. On this last aspect, Rajan & Zingales wrote a couple of years ago a provocative book, “Saving Capitalism from Capitalists”. In the book they examined the various ways in financial markets spread wealth and opportunity.
Mario Draghi: ECB press conference – introductory statement Introductory statement by Mr Mario Draghi, President of the European Central Bank, Frankfurt am Main, 22 January 2015. *  *  *  Ladies and gentlemen, the Vice-President and I are very pleased to welcome you to our press conference. Let me wish you all a Happy New Year.