Full and consistent implementation of the Stability and Growth Pact is crucial to maintain confidence in the fiscal framework. At the same time, all countries should strive for a more growth-friendly composition of fiscal policies. We are now at your disposal for questions. 2  BIS central bankers’ speeches
The methodologies employed must be fully transparent. The findings should be published together with all the information that the market needs for a comprehensive assessment. The contribution of external experts, provided that care is taken to avoid conflicts of interest, will improve the credibility of the exercise.