In the long run, it is very hard to imagine a complete monetary union without economic union. Further steps towards economic union will also make the task of monetary policy easier. BIS central bankers’ speeches  3
I should also like to thank the speakers for their kind words. Sometimes it was even difficult to recognise myself in them. I should like to note today, on the eve of the Treaty's anniversary, that the establishment of Economic and Monetary Union and the introduction of the euro would not have been possible without this Treaty.