In my briefing this morning, I will provide you with a number of arguments concerning the need for a sound economic management in the euro area, which now comprises 13 countries and has 317 million inhabitants. Such economic management is an important tool in order to address the challenges we are facing.
I will start by providing some of the reasoning behind the main principles of our economic management and will finish by looking at some areas of strength that we enjoy in this respect. The reasoning behind a sound economic management: why is it needed? Some diversity is a natural phenomenon in any vast currency area.