BIS central bankers’ speeches  Thus to protect the single market in all its forms – and the commitment to an open society which it represents – it has to be completed. What is different from the past, however, is that today we must devote more attention to the redistributive aspects of integration, and especially to those people who have paid the highest price.
I do not think there will be significant progress in terms of opening up markets and competition if Europe does not listen to the demands of those left behind by a society built on the pursuit of wealth and power; if Europe, as well as being a catalyst for integration and an arbiter of its rules, does not also moderate its outcomes.