This forum is, as you know, called the "Eurogroup" and I'm sure that Minister Reynders will tell you everything about it after lunch. So to us, central bankers, closer co-operation or models of flexible integration is not some kind of theoretical exercise, we live with it constantly.
Ladies and gentlemen, My feeling is that the Royal Institute and the National Bank have chosen for the colloquium of today a topic that is very much alive in the ongoing debate about the future institutional framework of European integration.