The impossible trinity has to be often managed in the emerging economies and this is ensured by close coordination between monetary and other public policies. Second, the central banks are often concerned with the stability / variability of inflation rather than the level of prices.
I am very pleased to see that so many distinguished speakers from both the public and private sectors have agreed to share their views on how post-trade harmonisation will contribute to financial integration in Europe. In times of severe economic challenges, it is particularly important that our commitment to achieving a truly single European market is reaffirmed.