In particular, the agencies underscored the prudence we are using in moving to Basel II by revising the proposed implementation timeline and suggesting extra safeguards beyond the ones already in the Basel II framework. As we move forward, we continue to heed the findings from QIS4, especially those relating to the overall level of regulatory capital.
Le Figaro Magazine: The euro celebrated its ten-year anniversary on 1 January 2009. Without it, where would we be? Jean-Claude Trichet: The euro is evidently an advantage for those democracies that have chosen to adopt it. It has proven its stability, its resistance to shocks and its resilience in the face of financial and economic turmoil.