Against this background, we, at the ECB, welcome the commitment by the Estonian authorities to ensure, after the introduction of the euro, an economic environment conducive to sustainable output and employment growth, with balanced macroeconomic conditions, including price stability.
I am also confident that Estonia, as the newest member of the “euro area family”, will make an important contribution to a strong and effective governance framework at the EU and euro area levels, thus helping to ensure that the implementation of sound economic policies is closely scrutinised.