In the presence of 23 official languages in the European Union and 13 official languages in the euro area, it is very important to ensure that the very same message is conveyed to citizens in all countries.
These flows in turn were engendered by the increasing diversification out of industrial country investment portfolios, augmented by huge capital gains through 1997. Net private capital inflows into emerging markets roughly quadrupled between 1990 and the onset of the Asian crisis.