On this score, the announcements made by the new French president are a positive sign. 3. Taking the institutional architecture of monetary union to the next level Ladies and gentlemen, the economic recovery may be robust, but that shouldn’t blind us to the continued vulnerability of European monetary union. One fundamental stumbling block existed from day one because of the euro area’s asymmetric design.
To ensure détente will prevail among nations and people will live together in peace; to foster the development of relations between different races, religions and lifestyles in the name of human dignity. 1. This is my first visit to Otranto, and I am struck by the picture I see.