First of all, let me start by wishing you all a happy New Year! It really is a great pleasure to be part of this Neujahrsempfang and to welcome in the New Year with all of you, my new neighbours in my new home. You might be disappointed – or perhaps relieved – to learn that I won’t be talking about monetary policy this evening. We’re in the quiet period ahead of our Governing Council meeting next week where members do not discuss policy issues. Frankfurt as a European city The character of every community is shaped by two choices we make: how we organise ourselves internally and how we relate to others … (full story)