Undertaking the necessary political steps is the only way to achieve our common goals of a stable monetary union and a stable euro. And the economic advantages of a single currency will benefit all the member states – including Germany. Of course, it is extremely difficult to put an exact figure on the concrete benefit.
The same goes for some papers of the international Basel Committee on  BIS Review 24/2005  1  Banking Supervision, in which we were again able to integrate the Peters Committee´s recommendations. Oversight promotes a level playing field This leads us to an important purpose of public oversight. I refer to the aspect of promoting a level playing field.