This is why we support the European Commission’s efforts to establish a European capital markets union when it comes to harmonising insolvency law in the EU, for example. 4. Concluding remarks Ladies and gentlemen, John Pemberton developed Coca-Cola to free himself from his morphine addiction. No-one would claim that Coca-Cola carries a greater health risk than opiates.
But, by the same token, few would claim that Coca-Cola is an essential part of a balanced diet. Ultimately, consuming more caffeine than is compatible with a healthy lifestyle only makes us more vulnerable. And the same is true of using monetary policy as a stimulus. It can be used, just like caffeine, to give the economy a boost.