Ensuring a well-functioning EMU implies strengthening banking supervision and resolution at European level. European integration has brought peace and prosperity.
While I hesitate to sketch out the long-term end point of the integration process, I am convinced that we need to actively step up our reflections about the longer term vision for Europe as we have done in the past at other defining moments in the history of our union. Thank you for your attention. 4  BIS central bankers’ speeches