Last summer, speaking here in London, I said that “[w]hen people talk about the fragility of the euro, [they] underestimate the amount of political capital that is being invested in [it]”. Since then, even more political capital has been mobilised. The answer to the crisis has not been less Europe but more Europe.
Following are the Governor’s remarks at the Conference:  “Good morning and welcome to the Bank of Israel conference, which will focus on the world of payments.