First, I will focus on the experience of economic and monetary union in Europe. Second, I will briefly describe the origins and impact of the financial crisis and outline how the European Central Bank (ECB) has responded to the crisis.
Europe can learn a great deal from the journey of Slovenia in recent decades. The country has faced and overcome serious challenges over the years: its independence from Yugoslavia; joining the EU; adopting the euro; overcoming the crisis that erupted in 2013; and now the pandemic overlayered with Russian war against Ukraine. But time and again, Slovenia has risen to the challenge and excelled.