Sabine Mauder: Monetary policy challenges - exiting expansion and the "new normal" on the financial markets Speech by Dr Sabine Mauder, Member of the Executive Board of the Deutsche Bundesbank, at the Euro Finance Week 2018, Berlin, 15 November 2018. * * *  1 Welcoming address and opening remarks Ladies and gentlemen Economic and monetary union is one of Europe’s greatest projects.
I suspect we are experiencing some scaling back of the projected gains in foreign affiliate earnings, and investors probably also are revisiting expectations of domestic earnings growth. Still, the foundation for good business performance remains solid.