[24] However, this safety margin doesn’t simply spring up of its own accord: buffers need to be built up as a preventive measure so that they can be used in times of crisis. 3 Setting the course towards the "new normal" and a resilient financial sector Overall, the economy has fared better than almost all projections anticipated. That’s good news.
And it is important to bear in mind that the premature adoption of the euro can make it more difficult for a country to cope with the challenges ahead. Without sustainable convergence, the monetary policy stance of the ECB would be inappropriate for the country concerned.