The rules related to timing of the takeout have also been changed. While for road projects the takeout can take place after commercial operation date (COD), for other sectors it has been relaxed to six months. Under existing norms, takeout financing can only be done one year after the scheduled COD of the project.
This was in sharp contrast to the view of some observers who argued that the quality of the euro as a new currency would converge only towards a sort of arithmetic average of the legacy currencies, rather than to the benchmark set by the most credible national currencies that were merged into the euro.