The level of certainty, quality and vigour of the new euro area mechanisms and institutions are key to strengthening market confidence and are therefore an indispensible complement to national adjustment effects. This means that there is a virtuous relationship between the so-called frontloading of national adjustment processes and the frontloading of the European integration process.
I also wish to thank both the public and private sector participants, for the overwhelming response to the invitation to attend the event, and for your active participation. To our panellists, thank you for your well prepared presentations and eloquent sharing of your experiences and expertise.