This is because our legitimacy flows from the Treaty, which establishes our constituency as the whole euro area. And it is only by respecting this that we justify our powers and independence.
Benjamin E Diokno: A strong nation amid a slowing and volatile world Speech by Mr Benjamin E Diokno, Governor of Bangko Sentral ng Pilipinas (BSP, the central bank of the Philippines), at the General Membership Meeting and Economic Briefing, Taguig, 6 February 2020. * * * Officers and members of the Management Association of the Philippines (MAP) led by its President, Atty.