BIS Review 31/2007  3  Part of the IMF's Financial Sector Assessment Program of the Danish financial sector in 2005-06 was to assess the core elements of the Danish financial infrastructure in relation to international standards. The IMF recommended a few changes. Danmarks Nationalbank will work with those responsible for the systems to ensure that the necessary improvements are made.
I have no doubt that the government will take whatever measures are needed to attain its fiscal objectives to ensure fiscal sustainability. It will, however, take some time to convince the markets of the government’s determination to achieve those goals. Decades of fiscal mismanagement and faulty fiscal reporting have caused the markets to adopt Saint Thomas’s dictum: to see is to believe.