There will be no additional criteria but there will be no relaxation of the criteria either. We are aware that the road to the euro will be demanding, with participation in ERM II being only one element of the overall policy framework in the process towards full monetary integration.
The calls which I discussed just now for a lender of last resort to be introduced for sovereigns can be seen as just as much of a manifestation of these thoughts as the notion of introducing in the euro area a common unemployment insurance scheme, or, taken to the extreme, mutual liability in the form of euro bonds.