5  ASPECTS OF TRINIDAD AND TOBAGO’S GLOBAL ECONOMIC INTERACTIONS  fiscal, structural and monetary fronts would be vital in smoothing the way to an economy less reliant on energy exports. 9. The fourth issue relates to how Trinidad and Tobago fits into the current  global economic outlook, particularly for emerging market economies.
Waiting for too long could mean that we end up with very divergent systems in Europe. This in turn would make it extremely difficult to have a European passport and single market in this area. Against that background the envisaged European directive on e-money is expected to improve market development.