In Europe as a whole, the pace of recovery remains moderate: while the German economy is robust, the economies of some peripheral countries with troubled fiscal conditions, such as Greece, are faltering. In contrast, rapid growth continues in emerging and commodity-exporting economies such as China and Brazil.
Conclusion I hope that my brief review of some of the key challenges facing economic policymakers and private participants in banking and financial markets has convinced you, if indeed you needed convincing, that these aspects of the modern world of finance are important, exciting, and deserve the serious attention of all participants. The rewards, current and potential, of modern banking and finance are great.