In conclusion, it can probably be said that a great deal has been set in motion to make the financial system more robust, but a lot remains to be done.
What is clear, and I would hereby like to wrap up my comments on the reform of the operational framework of monetary union, is that a stable monetary union cannot exist without a stable financial system. Conclusion Ladies and gentlemen, at the end of my speech I would like to once again express my gratitude for being awarded the Wolfram Engels Prize.