The search for broadly shared resolutions within the Council has ensured that a balanced judgement could be reached regarding the true state of the euro area, which covers a vast geographical area and comprises highly diverse national economies. The Council’s consensual approach has fostered a long-term perspective and preserved continuity with our past.
Thank you for inviting me to this Congress, and for choosing to spend part of your weekend listening to the discussion on this important topic. The question before us sounds straightforward: “should Canada adopt the U.S. dollar?” But the issues are complicated. I will not pretend that I can cover all the nuances of this topic in my allotted time.