Considering the facts that led to this situation, does it really indicate a lack of the necessary convergence? I don't think so. A major part of the excess inflation is accounted for by the catching-up, and by the one-off effect of the start of the common monetary policy.
We are instituting a new reportorial system – the FRP – that is fully compliant with International Accounting Standards. Perhaps most critically, we have regular and open discussions with our stakeholders so that issues can be thoroughly ventilated and a common understanding reached. The broad overlying issues All of these developments on the ground eventually mesh with the broad overlying issues.