I am delighted to address this audience. It is one full of promise and potential. Yours is the first batch to learn in these new, world-class halls! What an honor for you! Nostalgia Addressing you today, I am reminded of the thirty-seven (37) years that separate the time when I myself was a freshman of the UP-MBA program.
It also puts the report’s economic reasoning into practice. In Werner’s view, monetary integration had to be accompanied by a partial Europeanisation of fiscal policy. Such Europeanisation does not necessarily imply full harmonisation.