A rigorous and credible implementation of fiscal policy in line with the commitments of the Stability and Growth Pact is particularly important. Other policy measures would need to focus on Slovakia’s labour market to improve its functioning and on strengthening further the business environment in order to enhance productivity growth.
With such policies, Slovakia should be well positioned for a long term continued successful economic performance. Ladies and gentlemen, let me congratulate you on all the achievements made on the way towards the introduction of the euro in your country, and extend my warmest welcome to Národná banka Slovenska as the new member of the Eurosystem family. Welcome Slovakia! BIS Review 3/2009  1