*  *  Introduction  Good morning ladies and gentlemen and thank you to the Gordon Institute of Business Science (GIBS), Payments Association South Africa (PASA) and Strate, for the invitation to provide the opening remarks this morning.
In any case, from a positive standpoint, a possible evolution towards multi-polarity is a likely evolution, given the increasing importance of emerging market economies in the global economy. Finally, the question remains of how the euro’s international role will develop.