Second, the emerging markets, all of the former “Third World” countries, are growing at a pace which has no historical precedent: it’s a great success but leading to swift significant economic transformations. Third, longer life expectancy is also a remarkable success but is raising major funding problems. 2  BIS central bankers’ speeches  Three distinct successes but very difficult to control.
To put them fully at the service of our citizens, our societies and economies must make an ongoing effort to adapt much faster than in the past. You would welcome the creation of a European Ministry of Finance. Do you think that attitudes are ready for that?