The five core competencies are reflected in the National Standards for Personal Finance being developed by the Council for Economic Education; several of our Federal Reserve System colleagues are working with the council on this project. While it is important to begin teaching financial skills to children and teenagers, achieving and maintaining financial know-how is a lifelong undertaking.
I am very happy about the opportunity to share some views with you on an issue which, I believe, is of paramount importance for our future. "The euro is a powerful symbol of European identity and has the potential to consolidate and propel progress towards European integration."