In my remarks, I would first like to explore the growing interrelations between Europe and Asia before then discussing growth challenges in the euro area. I would like to end with some reflections regarding global challenges which are of relevance for both Europe and Asia. Intensifying Asian-European relations Asian-European relations have become closer over recent decades.
This is true both in an economic sense, and when viewing relations between the two continents from a wider perspective. And despite the recent slowdown in globalisation since the financial crisis, links between Europe and Asia are likely to become even stronger, as additional Asian countries broaden their integration in the global economy.