It is a pleasure to be speaking here this morning at the European Banking Congress. This is my first opportunity to meet the mayor and Frankfurt’s financial community – and I am sure it will be the first of many. T.S. Eliot said that “every moment is a fresh beginning” and it certainly feels that way for me today. But in many respects it feels that way for Europe, too. The theme of this year’s programme is “Europe: New Approaches”, and that seems very fitting. The idea of European renewal may, for some, elicit feelings of cynicism. We have heard it many times before: “Europe is at a crossroads”; “now is Europe’s ... (full story)