Democracy in the sense of control can then function better. BIS Review 45/1998  -9-  VII The global financial markets are certain to test the euro, the political and economic conditions in the euro area and the stability orientation of the European Central Bank as well.
If an “inner circle” were to emerge inside the EU, Finland would be part of it. So, Finland joined the ERM in October 1996, and introduced the euro in 1999. What has our experience been over the ten years? To what extent have the fears or the benefits materialised?