- Commissioning of a number of feasibility/diagnostic studies in respect  to  Government  payments,  remittance  market,  the  implementation of a Central Securities Depository and that of a Real Time Gross Settlement System.
What we need is a fundamental strengthening of economic governance in the euro area. Economic and Monetary Union rests on two pillars, the economic pillar and the monetary pillar. The monetary pillar is firmly established and the ECB has fully delivered on its mandate to maintain price stability at below and close to 2%, over the medium term.