The economic conferences organised by the Pareto Fonds have an outstanding reputation for presenting a unique opportunity for investors, economists and policymakers to conduct an in-depth exchange of views on current issues of monetary policy. In January 1999 the euro was successfully launched as the single currency for the 11 countries comprising the euro area.
For more than a year, the Eurosystem, which includes the European Central Bank (ECB) and the 11 national central banks (NCBs) of the countries which have introduced the euro, has been in charge of the single monetary policy for the euro area. Of course, it is much too early to make a detailed assessment of the achievements of the single monetary policy.