Jens Weidmann: Europe’s Monetary Union – making it prosperous and resilient Speech by Dr Jens Weidmann, President of the Deutsche Bundesbank, at Harvard University, Cambridge, 25 November 2013. * 1. *  *  Introduction  Dear Hans-Helmut Kotz, dear Professor Friedman, ladies and gentlemen, I would like to thank you for the opportunity to speak here today.
President Harry Truman is famously said to have asked to be sent a one-armed economist. He was tired of having exponents of the dismal science proclaiming “On the one hand, this” and “On the other hand, that”. Today, it sometimes seems like the opposite is true.