Let me emphasise that this is not an issues of the currency union but more of the integration and the single markets, I would like to recall ideas that Stefan Ingves raised in 2006 1. “I propose the establishment of a new pan-European body, a European Organization for Financial Supervision (EOFS).
It is almost surely the case that, the longer the process of globalization of economic activity continues, the more firmly entrenched will be the gains we are beginning to realize. But our past endeavors at long-term forecasting afford us little confidence in being able to anticipate seminal changes in global economics and finance. We cannot, however, refrain from reflection.