Meeting the following challenges will be crucial: •  formulating and implementing medium-term-oriented macro precondition for sustained and more balanced global growth;  •  intensifying efforts to undertake structural reforms;  •  correctly timing and implementing exit policies so as to ensure fiscal sustainability and maintain price stability; and  BIS Review 146/2009  policies  as  a  1  •  strengthening the financial system and the global financial architecture so as to safeguard financial stability.
Benoît Cœuré: Independence and accountability in a changing world Introductory remarks by Mr Benoît Cœuré, Member of the Executive Board of the European Central Bank, at the Transparency International EU Event "Two sides of the same coin? Independence and accountability of the European Central Bank", Brussels, 28 March 2017. * * *  General considerations Thank you for your invitation to today’s event.