I guess that all of you here at this conference have made similar experiences across African countries and across existing currency unions. Where does this complexity derive from? And what could be valuable lessons for future steps of monetary integration elsewhere?
Let me spend the next 20 minutes or so on a high altitude flight over the European monetary union and both its structural impediments as well as its reform challenges. 2. Economic perspective: Between asymmetries and convergence People still have vivid memories of the crisis in the euro area.