Germany's Weber on financial stability

The euro is still a very young currency with only a short albeit encouraging track record. The sound institutional framework lends credibility to the euro. One of the objections presented by European central bankers has recently been sustained: price stability will remain one of the EU's goals. I fully appreciate this response to our repeated intervention.

European central bankers' remaining key concerns in the field of the Constitutional Treaty pertain to the independence of national central banks, an abridged procedure for future changes to the monetary framework, and the ECB being listed among the "other European institutions". Politicians must not jeopardise the foundations of a stable currency.

To read past central bank speeches use our Speech Finder. Click the link on the right.

Click here to read the speech "Financial Stability and Globalisation" on the Bundesbank's web site