One is introduction of the Lamfalussy procedure: a precondition for speeding up and enhancing the efficiency of the legislative process in Europe by involving supervisory experts and the financial industry. Measures aiming at “better regulation” recently tackled by the Commission are another important and proper step.
The reasoning behind your hard-currency policy -- if I understand it correctly, as an outsider -- is likewise based on the realisation that inflation does not solve any problems. Austria has been consistent in applying this hard-currency policy -- even during a period which was somewhat difficult (the second half of the 1960s).