We are now several months on from the release of the report, so it is useful to see what has been achieved in that time. My general assessment is that there has been significant progress on some recommendations but little on others. 1  WM publishes reference rates throughout the course of the day.
Our Monetary Union and our very close ties, inside the single market, with all EU Member States’ economies have prevented the crisis from being compounded by currency crises, as in the traumatic experiences of the early 1990s. Today, Europe faces further pivotal decisions.