But I urge you not to think about the euro only in economic categories. As long ago as 1950, the French economist Jacques Rueff noted that Europe will be made through the currency or not at all. The euro is not only an economic project. It is also a political project. It is an important building block of a united Europe.
Thus, the issues I have raised in my speech tonight serve a range of objectives; and each of them is worth pursuing with ambition. Thank you very much for your attention. BIS central bankers’ speeches  5