Gertrude Tumpel-Gugerell: Monetary policy challenges in light of the current financial market developments Speech by Ms Gertrude Tumpel-Gugerell, Member of the Executive Board of the European Central Bank, at Alpbach Talks, Vienna, 15 June 2009.
*  *  *  Introduction Ten years ago, on 1 January 1999, the euro was introduced as the common currency of 11 Member States of the European Union. Today, the euro is used by around 330 million citizens in 16 countries and it has established itself as a stable currency, accepted in financial markets worldwide.