In a speech titled “20th anniversary of the euro”, ECB President Mario Draghi hailed that with the Single Market, ” we have a powerful engine of sustainable growth to underpin our living standards”. And the Euro has “safeguarded the integrity of the Single Market.”
In addition, he said euro has “produced two decades of price stability also in countries where this was a long lost memory.” And that “fostered people’s confidence”, with such ” firms invest and create new jobs.”
Draghi also said “today most challenges are global and can be addressed only together”. Such “togetherness” magnifies the ability of individual countries to retain the sovereignty over the relevant matters. And, together “we have a voice in the regulation of international financial market”.
