Many thanks for the opportunity to share with you my views on the future of capitalism in Europe. This subject is obviously related to the fate of our liberal democracies and the next phase of European integration. It is already a cliché that we have to re-engage those who have fallen for the temptations of ethnic nationalism. We need higher economic growth and we need to restore confidence in our business leaders in a world dominated by financial markets.
We know that only 15 % of all the money in the world is exploited in economic activity, the rest of it is packaged and re-packaged in products that are traded between banks and other financial institutions.
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