(2018), “Completing the Banking Union with a European Deposit Insurance Scheme:  who is afraid of cross-subsidisation?”, Occasional Paper Series, No 208, ECB. 8 See Draghi, M. “Risk reducing and risk sharing in the euro area”, speech at the European University Institute,  Florence, 11 May 2018.
I thank you for your invitation and I welcome the opportunity to appear before this Committee. Internationally, the economic outlook remains generally good. While the crisis in Asia has reduced forecasts, there is still optimism that reasonable growth with low inflation will continue.