The Eurosystem's clearly defined policy responsibilities, together with its independence, the strict orientation of monetary policy to stability and the federal institutional model could be regarded as the cornerstones of the "monetary constitution" of the Community. The Banque centrale du Luxembourg, is – in this sense – a "child" of the success of monetary integration in Europe.
Moreover, given today's festive occasion, one could even regard these new premises of the Banque centrale du Luxembourg as a tangible – or shall I say, concrete – expression of the federal character of the Eurosystem. In accordance with the Treaty, the NCBs are integral parts of the Eurosystem.