When considering an update to the fiscal rules, we should do what we can to ensure that the rules become more effective than they used to be. The Commission's legislative proposals from April do not fulfil these requirements. 5 Three opportunities to strengthen growth potential With sound public finances I have already mentioned one important element for prosperity in the European Union.
*  *  *  I would like to thank you for the opportunity to participate in the Centennial Lecture Series of the University of Texas at El Paso. It is a great honor to speak in this distinguished academic center, which has contributed considerably to closer relations between Mexico and the United States.