We have a strategy in Europe that is based on stable prices, sound fiscal policies  BIS central bankers’ speeches  3  and growth and employment-enhancing structural reforms. It will take some time to see the positive effects, but I don’t see any viable alternative.
Born in Luxembourg, a country in the heart of Europe, our dearest Jean-Claude realised at a young age that the future of Europe lies in the close cooperation of its member-states and mainly in the gradual integration of national policies and rules.