This is why the banking union project is crucial at this particular moment. Economic growth in Europe is now essential to complete the adjustment and the rebalancing that have been going on. Therefore, it is of paramount importance that the momentum is maintained towards implementing structural reforms at national level and towards building a stronger Economic and Monetary Union through European institutional reforms.
I trust that the European Parliament will continue to play an active and positive role in this process. I thank you for your attention and stand at your disposal for questions. 4  BIS central bankers’ speeches