What will be the monetary policy regime pursued by the ECB? It cannot be the hard currency option because the Euro will be a floating currency. My guess is that, whatever the ECB chooses, it will rather closely resemble inflation targeting.
An alternative view is that in order to impress markets that the Euro is as sound as the Deutschemark, the ECB may follow something akin to the German practice of monetary targeting. As I said earlier, this would not alter the picture very much, as current German practice seems to be at least as much like inflation targeting as it is like monetary targeting.