More determined, well-designed structural reforms promoting flexibility in euro area product and labour markets are, therefore, crucial in order to fully reap the benefits and support the continued success of the euro. Otmar Issing has contributed to the euro’s success in many important ways.
The BSP also implemented the Monetary Board Paperlite Facility that resulted in the significant reduction of paper usage during Monetary Board meetings, and installed energy-efficient mechanisms such as solar panels and inverter technology in air-conditioning systems.