A senior government official even suggested that perhaps we are acting “as the spirit directs”. It is often the case that statements are made very lightly and take on a life of their own. The US government is still undertaking its study of what went wrong on Wall Street.
Their main question therefore is: does the euro lack political confidence? IV It is certainly not easy to establish a new currency in the current international environment. In this context, I would like to give particular emphasis to the fact that the European Central Bank is a new institution.