Let our action plan be based on an objective analysis. The necessary reforms will certainly involve some unpopular decisions. We must make sure that the debate about the future of the Economic and Monetary Union, the future of the European Union as a whole, is not driven by populist movements.
Let us highlight the positive aspects and give the EU what it needs: a compass providing direction, enthusiasm and reform or, in a nutshell, prospects. 7/7  BIS central bankers' speeches