In particular, the outcome of negotiations about the EU recovery fund will be an important factor in determining the future path for the euro area economy. [1] I am grateful to Giacomo Carboni, Danielle Kedan and Arthur Saint Guilhem for their contributions to this speech.
The first panel focused on the difficult, crucial issue of interconnecting a centralised monetary policy with merely harmonised fiscal policies. The second panel revisited the core principles established in the Treaties and how they were implemented.