Conclusion Ladies and gentlemen, where is Europe heading? I was invited here today to shed light on this issue. But I’m afraid I must disappoint you: I don’t have the answer to this question. At the end of the day, Europe is everyone’s decision – a decision that we all have to make.
The particular challenges on the economic front include the firm and credible implementation of the Stability and Growth Pact, constant efforts to render our economies more productive, innovative and dynamic, and the avoidance of major competitive divergences within the euro area. Third, enlargement. When we started out ten years ago, we were 11 countries.