For the sake of brevity allow me to focus here on two such activities, and I am fully aware that there are many other tasks that equally deserve our full recognition.
On both  BIS central bankers’ speeches  1  dimensions, the Eurosystem benefited enormously from the Bundesbank’s dedication to our common cause, and on both dimensions the Bundesbank contribution found in Axel its voice. The first task is financial supervision, the importance of which cannot be underestimated.