Not ambitious to be, but ambitious to do. How Monetary Union will evolve in the future is hard to predict. But if the past 8 years offer a compass for the future, I am optimistic we find the right answers to our current challenges.
12  G. Tumpel-Gugerell (2007), The competitiveness of European financial markets: an economic framework for effective policy making, speech at Washington Economic Policy Conference, 12 March 2007. 4  BIS Review 57/2007