The Importance of Banking in the International Currency Union

The idea is not to add to the power of big private corporations, including big financial corporations. The more balance you have in world trade and investment, what that does is it actually reduces the need for the use of any currency. And it also creates an incentive. For example, imagine if for example, the relations between Germany and the rest of the EU were run on bank or like principles. It would increase the well-being of Germans and Greeks, but it would do so in a balanced fashion. So that's to not store up problems for later.