The consultation was concluded a few days ago. We received numerous comments from an ample cross-section of participants. We will analyse them carefully and consider the suggestions for improving the text to be submitted to the Credit Committee. 2.
Successful policy solutions set a benchmark for the less successful countries. Besides the economic criteria for a successful monetary union, the European System of Central Banks should be reformed to cope with enlargement. The present structures were designed for a 15-member monetary union.