First and foremost, we need a monetary union that is capable of delivering on the promises made to our citizens — promises of financial stability, sustainable growth, and opportunity for employment. As Joseph Schumpeter said, money is a reflection of the condition of our economy and our polity.
Looking from that angle, reinforcing the monetary union is an integral part of a broader endeavour to strengthen Europe. Ladies and Gentlemen, This is of paramount importance especially today, when the international role of Europe as a key standard-bearer of democracy and the rules-based international order has become even more essential than it may have been some years ago.