2/3  BIS central bankers' speeches  It’s true that in Frankfurt we consider these rules important, because the euro is a community, we are in this together. It’s like shared ownership, so we start by respecting the rules. Yesterday Mario Draghi, the President of the ECB, felt the need to mention that the euro is “irreversible” when talking about Italy.
Making the most of Europe’s opportunities: Reforms for greater prosperity and stability DIW Europe Lecture 16.02.2023 | Berlin | Joachim Nagel 1 Introduction 2 The European single market – a success story 3 New impetus for the single market 3.1 Free trade in services 3.2 Free flow of payments 3.3 Free movement of capital 4 Effective fiscal rules for the euro area 5 Conclusion  1 Introduction Ladies and gentlemen, I am delighted to be with you all here today at the German Institute for Economic Research (DIW (Deutsches Institut für Wirtschaftsforschung)) in Berlin to give this DIW (Deutsches Institut für Wirtschaftsforschung) Europe Lecture.