I think that in Europe we are in a maturing phase. As far as we are concerned, Europe has not come to a standstill. Rather, it is very dynamic. We work with the twelve countries of the euro area, and the other eight countries whose currencies are directly pegged to the euro by means of the European exchange rate mechanism.
In order to prepare well for the success of the European Union and enlargement, 27 nations are working together in the European System of Central Banks, including Romania and Bulgaria as observers.