I would like to thank the organizers for giving me the opportunity to share some of my views on a subject of emerging importance and in regard to which we have just begun the learning process. I wish the FEDAI’s Golden Jubilee Celebrations a grand success.
I will start with the achievements of the euro and the single monetary policy, particularly in recent years. I will then set out some of the main challenges ahead, along with the remedies and policy priorities. I. The ECB’s actions during the crisis  The euro area has been the focus of a great deal of attention in the last few weeks.