Solving them requires EU institutions and national governments to work in concert. The ECB has done as much as it can to stabilise markets and support the economy. Now governments and parliaments need to do all they can to raise growth potential, strengthen competitiveness and build a stronger, more stable EMU.
4  BIS central bankers’ speeches  I was impressed to learn that, back in 1871, Victor Hugo called in this Assembly for a United States of Europe. France today can be equally ambitious in taking the euro area forward. Thank you for your attention. BIS central bankers’ speeches  5