The good news is that we understand the challenges we face: to strengthen EMU; to ensure sustainable policies; to improve competitiveness. And to meet these challenges, we can look to several countries for examples. But the key is to persevere on the path of reform – and to take inspiration from others that are succeeding.
Within the euro area, we all benefit from each other’s prosperity. I hope that  4  BIS central bankers’ speeches  the range of businesses from across the euro area here today will join me in spreading this message. Thank you for your attention. BIS central bankers’ speeches  5