We must adapt. We must continue to improve the wellbeing of our citizens. We must remain credible. Meitaki. Thank you. 17 Monetary policy can be adjusted more rapidly than fiscal policy, and have some immediate effects  on financial conditions during a crisis (Romer, 2011). 18 Drought, Perry, & Richardson, 2018 19 Chapter four of the Handbook.
Allow me a personal remark, that I have the greatest respect for the Spanish people who are experiencing hard times but are sticking to their commitments and responsibilities. Ladies and gentlemen, I sincerely hope that you will enjoy visiting the New Face of the Euro Exhibition. Without further ado, it is a pleasure for me to declare the exhibition open.