For that reason, economic research should have a strong voice in the current debate. I therefore believe that events such as this conference are very important. But let me come back to my question about adequate changes to the institutional framework. As you can surely imagine, there are a great number of aspects that I could mention at this point.
Building the European Union is a slow and laborious but ultimately rewarding process. The migration to SEPA credit transfer and direct debit marks the completion of another element in that construction, and there are more to come.