However, it has been less emphasised that this statement, which is generally considered to have 2/4  BIS central bankers' speeches  been a key determinant for the subsequent course of events, was not issued by the president of one the classical EU institutions but that of a still recent institution, albeit one with particular responsibilities in this field and effective tools to act.
It should also be noted that it was not issued by a political leader of one of the most powerful EU Member States, which also provides food for thought. In his famous speech in 1962, the President of the USA, John F. Kennedy, said that we chose to go to the Moon “not because [it is] easy, but because [it is] hard”.