He brings his own considerable experience and skills to upgrading and restructuring regulation in Ireland on a risk-based basis. We are together planning details of the new structures and approaches that will be adopted in what is rapidly becoming a unitary Central Banking organisation without artificial and unnecessary internal barriers.
After the early end to the war in Iraq, the economies of the U.S. and Japan have shown clear signs of a recovery. Euroland has not yet shaken off its recession, but there too indicators of consumer and business confidence are picking up. China is again seeing strong economic growth now that SARS has been contained.