Euro area and the United Kingdom  The euro area economy had contracted at a seasonally adjusted and annualised rate of 0,7 per cent in the last quarter of 2001, but a gradual recovery is in progress with depleted inventories being rebuilt and international trade picking up.
I would encourage you to aim for a consistent implementation of the internationally agreed standards, so as to ensure a level playing field worldwide and to reduce options and national discretions as far as possible.