I continue to stand by it: the euro has brought Europe a lot – economically and much more than that. I can only warn against allowing ourselves, as Europeans, to be divided. I’m glad that the political will exists in almost all countries to stand together. That also shows how strong the cement of cohesion via the single currency has become.
These procedures have been put to the test in recent months, as activity in the cash market has on a number of occasions declined below the relevant thresholds. In most cases, the cash rate has been determined as the last published rate based on sufficient transaction volumes.