Furthermore, a fiscal capacity at euro area level would be a great achievement that would complement national stabilisers. Let me conclude.  It is vital to continue implementing reforms to address the structural challenges facing the euro area. Reducing barriers to trade in services and disparities in national corporate tax systems could provide a new impetus to the European Single Market and stimulate investment.
For high net worth  2  BIS central bankers’ speeches  individuals, the education is useful to fetch greater returns from their investments in the market and to avail credit at relatively cheaper rates. But whether saving or investing, the basic lesson that a higher return implies higher risks cannot be lost sight of.