These structural changes include the lower birth rate and population aging in Japan, and – triggered by the fall of the Berlin Wall in 1989 – the surge in the number of economies participating in the global market economy and the resulting intensification of global competition.
Peter Praet: We need to complete the Banking Union Speech by Mr Peter Praet, Member of the Executive Board of the European Central Bank, at the EUROFI Conference, Malta, 6 April 2017.