This is a skill unique to banks and it must be a success factor that distinguishes the Philippine banking brand from the rest. 2  BIS central bankers’ speeches  Actually, we have achieved such distinction. In the December 2013 report of Moody’s, the Philippines was the only banking system rated with a “positive outlook” from among the jurisdictions it reviews.
If we want the euro to be strong, there is nothing for it but to comply strictly with the convergence criteria. A weak euro and the attending high interest rate level would be of no benefit to anybody, and that includes the potential derogation countries. Please keep in mind that a monetary union with ill-converging Member States would be incapable of absorbing economic shocks.