Ernst Welteke: Europe and the euro - an insider’s view  Ernst Welteke, President of the Deutsche Bundesbank, at the Arthur Burns Memorial Lecture at the American Council on Germany in New York on 18 April 2000. *  *  *  Preface It is a privilege and an honour for me to hold this Arthur Burns Memorial Lecture.
I am very happy to be able to add my name to the list of such distinguished speakers as Karl Otto Pöhl, Alfred Herrhausen, Alan Greenspan, Kurt Biedenkopf, Hans Tietmeyer and Rolf E Breuer. It gives me an opportunity to pay tribute not only to a high-grade economist but also to an elder statesman who did a great deal to foster US-German relations.