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Mersch: For a European Union Capital Market - Stability Security, Overcomes Fragmentation
Ladies and Gentlemen, I would first like to thank you for inviting me to deliver the closing speech of this high-caliber conference. I would the previous two panel discussions not be fair if I would dare to attempt a summary of the day. Instead, I want to conclude an arch span of the financial market policy, which has already been discussed at length today about our own monetary policy to large whole the functioning of the European Economic and Monetary Union. A common currency in a federation of states such as the European Union can only work long term if financial market policy, economic policy and budgetary ... (full story)