BIS central bankers’ speeches  1  This forecast, of course, is based on the assumption that the sovereign debt crisis will be gradually overcome and will not continue to escalate. This crisis is, and will remain, the single greatest risk to the financial system and the real economy.
They are much more limited than people generally think, but they are often at the heart of the misunderstandings and frustration that the Union creates. Let me be more concrete here, and give you some examples. I understand that one of the reasons for some people voting against the Lisbon Treaty in this country was the fear that Brussels, i.e.