and wealth distribution in the labor market, and more substantial redistributive measures. v otherwise, we risk losing public support for policies which contribute to our prosperity. we should not forget that international cooperation and exchange remain the key to prosperity in an interconnected world economy. finally, i would like to come back to the role of technology. let me touch on a few implications for the banking sector. whatever impact digitalization will have on the future shape of the financial sector, it is reasonable to expect a reduction of the current labor force in the banking sector. to some degree, such downsizing is already an ongoing process in the post - crisis landscape. in austria, we see employment in the banking sector decline. and we must be prepared to see a continuation of this trend in the years to come. the other important change that is likely to occur is the rising importance of market - based forms of finance, also in countries like austria, i. e. countries which are traditionally characterized by a dominance of bank - based finance. the capital markets union pursued by the european union will foster activity and cross - border integration in this domain, promoting the development of new forms to finance economic activity. but the extent of economic activity to be undertaken and its financing needs will be shaped less by technology than by the macroeconomic parameters and policies i have already referred to above. having said that, framing technological evolution in a way that best adapts to macroeconomic circumstances and contributes to their favorable development is certainly an important endeavor in an era of rapid change. i hope our conference will help foster our understanding of emerging trends and their possible impact – with all due modesty, given our experience in attempting to forecast the future. i wish all of us two days of lively and productive discussion, and i hope we will succeed in strengthening confidence in the future ahead of us. i david a. graham ( 2014 ) : rumsfeld's knowns and unknowns : the intellectual history of a quip, https : / / www. theatlantic. com / politics / archive / 2014 / 03 / rumsfelds - knowns - and - unknowns - the - intellectual - historyof - a - quip / 359719 / ii scherbov et al. ( 2008 ) : probabilistic population projections for the 27 eu member states based on eurostat assumptions, http : / / www. oeaw. ac. at / fileadmin / subsit

communication, efficiency and stability. it is also an appealing and sophisticated design, which is easily readable and establishes a strong and unique identity in frankfurt ’ s skyline. the high - rise is a sculptural hybrid of two towers connected by an atrium. we felt that this multi - purpose atrium reflected the values of transparency and communication. we believe this project to be compatible with the city ’ s urban design concept for the whole river main area. the großmarkthalle itself is well preserved, both in terms of external visibility and its interior architectural articulation. the overall functionality of the design proposal, including workspace quality and fulfilment of technical requirements, was appreciated. overall, the members of the jury considered this project to be the most appropriate concept for the ecb ’ s future headquarters. the second prize was awarded to asp schweger assoziierte. this design makes a strong statement. it combines three buildings into one unified composition, which aggregates its constituent parts into a clear, simple structural entity. the building represents a new urban typology for high - rise buildings, which would ensure a unique and individual expression for the ecb. the occupants and visitors would be enveloped and inspired by the ecb. the architects propose replacing the concrete roof of the großmarkthalle with glazing. this modification is feasible and adds a new aesthetic quality to the overall appearance of the großmarkthalle. the contrast between it and the new buildings is striking. overall, the jury considered this project to have a strong identity. the third prize was awarded to 54f architekten in association with t. r. hamzah & yeang. through the contrast between the north - south axis of the tower buildings and the horizontality of the lower elements, this design offers a clear contrast to the east - west orientation of the großmarkthalle. the free - standing position of the historic building shows respect for the local urban environment. as a discrete high - rise cluster the project integrates well into the skyline : the orientation allows both openness to the river main, and visibility from the city centre. while elsewhere the best workplaces are located in the southern portion, here the multi - storey gardens are accessible to everybody. the idea of combining the climate concept with a public zone was found very convincing. overall, the jury judged that this design was efficient and commendable. 4. the