We need to pursue a comprehensive long-term European strategy for building a more complete financial union that fosters both risk-sharing and risk reduction, which, as I argued, are two sides of the same coin. This will strengthen the financial system in the long run. Achieving these objectives hinges on building a strong degree of trust between Member States and European institutions.
It fundamentally hinges on looking beyond short-term national benefits and pursuing European goals. Europe should live up to its ambitions. Thank you for your attention.