As we proceed through the examination process, we are identifying any institutions that require intensified supervisory attention and establishing our priorities for subsequent examinations. International Awareness With regard to the international aspects of the Year 2000 issue, U.S. offices of foreign banks pose a unique set of challenges.
We also need increased product market competition and greater investments in education to facilitate restructuring and to foster innovation and the adoption of new technologies. And third, we at the ECB have the responsibility to continuously ensure low and stable inflation. This will support the purchasing power of euro area households, facilitate price comparisons and lower the real cost of credits.