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18th of November 2018


A Financial Union for the Euro Area @ Forex Factory


Ladies and gentlemen, good afternoon. It is a pleasure to be here. As the European policy machinery kicks into action again after the summer break, I welcome this opportunity to share some thoughts. The question put to me is how much more deepening of the economic and monetary union is needed. This is a big one. There is no simple answer. My approach today will be to focus on the core issue of private risk-sharing. I want to discuss what it really means, what holds it back—and what concrete steps can and should be taken to push it into a higher gear. Recognizing that every roadmap needs a destination, I want to lay out a vision for ... (full story)

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