You will recall that the survey highlighted a number of weaknesses prevailing at the time, such as cyber governance, training and awareness, and cyber incident response. Today we will update you on the second round of the cyber resilience survey, which we conducted again across mostly the same population of FMIs throughout Europe.
At the end of the day, only dynamic economies can sustain modernized yet generous welfare systems in Europe. This brings me to further challenges facing the EMU in the years to come, most notably the further enlargement of the euro area and the EU. The new Member States to date have succeeded in transforming their economies from centrally planned systems to market economies.