Speaking before the Bundestag in November 1991, Chancellor Helmut Kohl remarked that “the idea of sustaining economic and monetary union over time 4/9  BIS central bankers' speeches  without political union is a fallacy” – incidentally, a view shared by the Bundesbank at the time.
In particular,   The BSP remains committed to staying the course:(a) sustain appropriate monetary policy stance to maintain and promote price stability; (b) continue to initiate key reforms to promote financial stability, including financial inclusion advocacies; and (c) pursue measures (e.g., maintaining a market-determined exchange rate, keeping an adequate level of FX reserves, and managing our external debt profile) to strengthen resilience against external shocks.