7 Italy, like the rest of the Europe, is engaged in a global economy in which technological progress tends to favour skilled over unskilled labour, raising its relative productivity and demand. So skills have to evolve everywhere. In the euro area today skills and employment are already strongly linked.
Andreas Dombret: Banks' business models as survival strategies for difficult times Speech by Dr Andreas Dombret, Member of the Executive Board of the Deutsche Bundesbank, at the Bavarian Financial Summit, Munich, 24 October 2016. * * *  1. Introduction Ladies and gentlemen Professor Gerke Mr Felix Breuer A lot has been written about banks in the past few weeks.