If we look at the architecture of the European Union, it is possible to observe that it now bears a very close resemblance to ‘normal’ constitutions as far as Parliament and the judiciary are concerned, but not at all for the executive branch.
We are delighted to have with us colleagues from the Ministry of Finance, and virtual participants from our central banks, the Bank for International Settlements (BIS) and the International Monetary Fund (IMF). I am joined in our appreciation of your participation by colleagues from the Reserve Bank of India (RBI) representing various departments.