It would enable us to be fully open to the world, but resilient to shocks elsewhere, since we could rely more on our own internal growth. 3/4  BIS central bankers' speeches  Conclusion I am confident that this adjustment is possible. The pandemic has shown that, when put to the test, there is a deep, shared commitment to Europe among its Member States.
And this crisis has also shown that – contrary to some popular narratives – Europe is able to adapt quickly and reorient itself towards the most pressing challenges our people face. Inevitably, the main agents of change will be Europe’s metropolitan regions – like FrankfurtRhineMain - working on the ground to make transformation happen.