On April 20, The European Institute welcomed The Honorable Vítor Constâncio, Vice President of the European Central Bank (ECB), to a discussion of the current challenges to European monetary policy. Noting the ECB’s ability to adapt policies to shifting economic conditions as its significant strength, Vice President Constâncio forecast his institution’s continued success in reacting to the debt crisis and encouraged Eurozone member-states to become more proactive. The discussion was moderated by Stephen Gallagher, Managing Director and Head of Research for Société Générale in the Americas.