We now have to ensure that the policy intentions are realised. While the road to success may not guarantee a smooth ride, it is imperative that we ensure that it is not a long one. The increasingly important role of SMEs in this process should not be underestimated. The awards that will be presented at this conference are evidence of that.
The new European institutional architecture Building a new European institutional architecture rests on four pillars: banking union, fiscal union, economic union and the strengthening of democratic legitimacy and accountability. We must ensure that the construction of each one of these pillars is progressing well and in an articulate manner.