But now they have, and Germany is reaping the benefits and leading the way in Europe. 4  BIS central bankers’ speeches  With a new governance framework in place and strong commitments from national governments, there are solid grounds for trusting that reforms will be implemented across the euro area as a whole. Conclusion Let me conclude.
7 Of course, put-writing also introduces low-probability risks that may make you, as the end investor, worse off, but if your measurement system doesn’t capture these risks adequately – which is often difficult to do unless one knows what to look for – then the put-writing strategy will create the appearance of outperformance.