States with more flexible labor markets, skilled work forces and a reputation for supporting innovation and entrepreneurship will be prime locations for firms at the cutting edge of technology. Not all new enterprises will succeed, of course. But many will, and those that do will provide the BIS Review 57/2000  4  impetus for further economic progress and expanding opportunities in their communities.
President Guigou, Minister Jeanneney, Ambassador Meyer-Landrut, Excellencies, Ladies and gentlemen, Thank you for inviting me here. This morning I would like to share with you some thoughts which echo your association’s motto “Acting for Europe with Europeans”. Role of the European Central Bank “Acting for Europe with Europeans” could also be the ECB’s motto. One of its strengths is indeed its European mandate.