Furthermore, governments should pursue determined reforms with regard to the size and structure of public expenditure and revenue, also in order to create room for further tax cuts and to absorb the fiscal costs of population ageing. With the introduction of euro banknotes and coins, the process of monetary integration, which started ten years ago in Maastricht, has been successfully completed.
Even twenty years ago, no one was predicting that mobile phones would become an integral part of life in every village of the world. Evidently, in 1990, we could not foresee the world of 2010; technology just outpaced our imagination. Similarly, in 2010, perhaps we are just unable to look ahead at 2030.