Equally important, our stress tests indicate that our banks have enough capital to withstand extreme shocks in credit and market risks.
This will involve noticeably reducing Malta’s high debt ratio, maintaining moderate wage developments that take fully into account labour productivity growth, and fostering labour participation. As you know, economic and monetary integration between countries with somewhat different characteristics and levels of development requires careful preparation. However, you have already reached this stage and your planning for the introduction of the euro is almost complete.