IV Thus, seen from a German point of view, European integration till now - despite all the deficiencies in detail - has, all in all, been a success story. This is not because Germany BIS Review 2/1998  -3-  wants to dominate Europe. Quite the contrary, it wishes to be part of a functioning integration which is also soundly based in economic terms.
Then I’ll turn to the economy and monetary policy. Regulatory choices On March 6, 2009, I gave a speech in Omaha called “Too Big Has Failed.” I shared my thoughts about the financial crisis and my concern for the long-run effects of bailing out investors of the largest financial institutions.