On this very special day for Europe and our new money, I want to conclude with a tribute to others who have made this moment possible. It is a tribute to Europe’s leaders over the past decades. They are true leaders because they had the foresight to take bold actions that would make Europe a place where people, ideas, and commerce would intermingle.
Central banks cannot do much directly to implement policies that encourage free and open markets and facilitate market-based economic adjustments. But central bankers do have a responsibility to advocate these policies. And we have a responsibility to work with each other in international settings to ensure that the world's financial system is conducive to the free flow of goods, services, and capital.