For the future participating countries it is a question of transition to the single currency and merging national monetary policies to form a single monetary policy. These are no longer distant, visionary goals but projects on which a decision is imminent in the next few months.
We should continue to press ahead with reforms to avoid abrupt changes in financial market sentiment. And we can only acknowledge that for some of the G20 members this improvement in financial markets has not yet found its way through to  BIS central bankers’ speeches  1  the real economy.