We intend to ensure a smooth transition to euro-zone membership in both money and foreign exchange markets. In view of the forthcoming easing of monetary policy, other policies - notably, fiscal policy, but also, wage and structural policies - will become the pre-eminent instrument available to counter possible inflationary pressures and ensure sustainability of low inflation.
We must implement serious climate policies which take into account the negative externalities of carbon emissions. That means encouraging sustainable initiatives rather than subsidizing fossil fuels. That means incorporating ESG risks into our policies and business strategies. That means providing a wide array of sustainable and transparent financial products for our clients and partners.