Finally, the euro area should make better use of skills from outside the euro area. Immigration policy should be closely aligned with the skills needed by the labour market, and ensure the successful integration of immigrants into the active workforce and society as a whole. 4  BIS Review 84/2008
But in any case, the institutional vacuum that currently exists must be filled in the long term. Ladies and gentlemen, thank you for your attention. BIS central bankers’ speeches  5