On behalf of the Deutsche Bundesbank, I would like to warmly welcome you to the second Islamic Financial Services Forum in Europe. I am particularly delighted that we are joined by numerous guests from the Middle and Far East who have travelled so far to be here in Frankfurt.
Independent central banks need strict limits to their flexibility, such as a ban on monetary financing, so that their independence is not ultimately called into question, especially so in a framework that is as complex as the European Monetary Union.