18  BIS Review 145/2007  A key question that has emerged from the current developments in financial markets relates to the role of monetary authorities in the context of such a crisis. This issue is of concern to all of us in central banking.
How did you celebrate the historical event, the introduction of the euro? At midnight I invited all employees, who had worked extremely hard towards this event, to join me to celebrate both the euro and the New Year with foie gras and champagne.