Significance of the single supervisory mechanism to the Bundesbank  While I am here with you today, the ECB is visiting my colleagues at the Bundesbank to put on a “road show” extolling its virtues as an employer. As Goethe’s Faust put it: “Two souls, alas!
The use of science and technology is also critical to produce innovations in production and management and a dynamic private sector which is internationally competitive. All of this will not happen by osmosis and will require a vision of the future, the acquisition of administrative and technical capacity to implement and a mental shift in our approach to running our governments and our industries.