SPEECH  Europe as a common shield: protecting the euro area economy from global shocks Keynote speech by Fabio Panetta, Member of the Executive Board of the ECB, at the European Parliament’s Innovation Day “The EU in the world created by the Ukraine war” Brussels, 1 July 2022 I am very pleased to be taking part in this event, even though I unfortunately cannot do so in person.
I would like to thank European Parliament Secretary-General Klaus Welle for his kind invitation. As an EU institution, the ECB is accountable to the citizens of Europe via the European Parliament. And our two institutions have quickly learnt one of the key lessons of the COVID-19 crisis: physical distance need not imply intellectual distance.