I think I can say that both our institutions are looking back on a decade of challenges successfully mastered. During the ten years of the Eurosystem’s existence, and  BIS Review 138/2008  3  in particular during the recent months of financial crisis, we have proven that the Eurosystem functions well, even in periods of great stress.
The Eurosystem has passed the test of its first decade of existence. Looking ahead, I am confident that with its unique architecture and a strong and enduring team spirit it is also prepared to tackle the challenges of the future. I thank you for your attention. 4  BIS Review 138/2008