It is a crisis management instrument and its role as such will be further strengthened by the welcome decision to make it a backstop to the Single Resolution Fund and the introduction of new precautionary facilities.
Euro banknotes allow us to work, study and travel in 19 different countries without having to exchange money. The euro bears witness to the degree of integration we have achieved. The third dimension that makes euro banknotes a unifying force in Europe is their design features – they connect us with our shared history.