Klaas Knot: Germany and the quest for a stable monetary union Speech by Mr Klaas Knot, President of the Netherlands Bank, at the Duitsland Instituut, Amsterdam, 7 April 2014. *  *  *  Introduction It is sometimes joked that the Netherlands is in fact Germany’s 17th Bundesland.
The excellent remarks by Jens Weidmann remind me of this joke, because there are so many points I agree with. I will not go into them, to avoid that the rest of this afternoon becomes rather uninspiring. Instead, please allow me to reflect on the future and stability of EMU from my own perspective.