Not surprisingly, a single market for capital and financial services has been a central goal of the European Union for decades. Many policy initiatives have paved the way to greater financial integration, the most ground-breaking of which being, without a doubt, the introduction of the euro.
We supported domestic demand and preserved stability at times when global pessimism was at its peak. It was exactly the size of the package, well-calibrated measures and the speed of the response that played the key role in preventing the spillover of the negative effects of the pandemic on the labour market and all other aspects of life and work.