Those of us paid to work at maximising the material circumstances of our citizens through the conduct of economic policies trust, nonetheless, that prudent behaviour on our part can make a difference, and in some way help to provide the resources needed for those, ultimately more valuable, non-material pursuits. My topic is the conduct of monetary policy.
This means we need European policies that fix European problems and can serve as an example for others, but that are also compatible with a coordinated global response. This is not only good for the world, it is also good for Europe. Because European ambitions can only succeed if they are part of a larger, global effort.