Like our hosts today: the European Commission, the European Investment Bank, and the European Stability Mechanism. And what we also see, when we look back, is de facto solidarity. Between people, between countries, and in concrete achievements like Next Generation EU. The ESM is one of the youngest achievements in this very incomplete list.
A mere 14 years ago, at the height of the euro crisis, we did not have the ESM. We did not have a European mechanism in place to deal with economic and financial stability issues. But many of you here today realised that we needed one.