Fourth, the euro and the European integration process have greatly enhanced our capacity to absorb shocks and to react quickly in situations of financial turmoil. There are still tasks and room for improvement ahead us, but we have done a lot in recent years to constantly optimize our financial infrastructure.
On this way, we have kept our own European style and still have worked successfully on gaining a strong voice in international fora, which are proliferating all around in the process of constant buildup of an international financial governance system. A great deal of progress has already been made in strengthening the central pillars of the international financial system: institutions, markets and infrastructure.