Peter Praet: Adjustment and growth in the euro area Speech by Mr Peter Praet, Member of the Executive Board of the European Central Bank, at the European Business Summit, Brussels, 16 May 2013. *  *  *  I would like to thank José Marín Arcas for his contribution to the preparation of this speech.
The report pays special attention to digitalization, which is also transforming the financial system worldwide. We see the digital transformation process as an opportunity for financial institutions to become more efficient as well as improve access to financial services for households and businesses.