But then, especially after the London speech was welcomed by the majority of the Governing Council, this view faded away. The London speech was a defining moment for that reason too. 2 / 10  BIS central bankers' speeches  When investors came on board; yes. How much time did you actually try to spend convincing these dissenting voices?
Let me give you a brief impression of the consultations held there. As soon as it has been decided in early 1998 which countries are to take part in EMU, the ECB will decide what monetary strategy to pursue.