From my experience I have learned that, without regular contact and close co-operation with the Minister of Finance the life of a central banker can become very lonely. 2.3 In many countries of the world the powers of the central bank should be reduced in order to increase the effectiveness of monetary policy.
The future  Let us now take a further step – forward – and venture a look into the future. Now that the European Parliament has approved the draft legislation, the SSM can soon be officially launched. We have a year full of hard work ahead of us.