Ladies and Gentlemen, Let me conclude my opening remarks with a few words on the future of Economic and Monetary Union, the other subject of today’s conference. The sovereign debt crisis revealed serious design problems in EMU. Substantial reforms were enacted to reinforce economic governance and thus resilience of the Eurozone, and its ability to secure financial stability, sustainable growth and opportunities for employment.
* * * Distinguished speakers and facilitators, Participants, Good Morning and Good Afternoon to you all. I am pleased to address you at the end of what has undoubtedly been a highly intensive but enriching two-week seminar focusing on the most important aspects of prudential regulation and supervision of banks organised by the IMF’s Africa Training Institute.