In this respect, I should like to reiterate the importance of undertaking major policy adjustments – in particular with regard to price liberalisation and fiscal policy – prior to participation in the mechanism, as this is key to ensuring smooth membership of ERM II. The 2004 accession process does not, however, mark the end of the EU’s enlargement.
(j) Leadership and institutions: In almost all these countries, a common feature has been strong leadership and strong institutions that could provide the helping hand and clear direction to the  entrepreneurs, firms, farming community, exporters, businesses and delivering essential public services to the population at large.