At the ECB, such measures have always aimed at improving the transmission of standard policy decisions, but they have assumed different forms over time. In the first phase of the crisis, they were mainly aimed at banks with the objective of preventing a collapse of the interbank market.
One of the most significant achievements in European integration over these years has been the single currency. Finland was in the first group of countries to join the monetary union. In my  BIS central bankers’ speeches  5  assessment, the decision was a good one. Finland has enjoyed unprecedented price and financial stability during its participation in the single currency.