On the achievements of the Eurosystem to date But the facts have disproved those initial fears and have shown that most people underestimated the resolve of European governments and central bankers to make EMU a large-scale success as well as a huge step forward in Europe’s history. For nearly five years now we have had a single monetary policy conducted by the Eurosystem.
When we respect each other as individuals, then we can have the kind of debates that we need to help us become the best we can be. We can have clashes of ideas secure in the knowledge that there are no winners or losers. Or rather, that we’re all winners, because what we’re doing is exploring all aspects of an issue.