Recent developments in financial markets have proven once again the importance of such cooperation and interaction. It is crucial to further deepen the cooperation on these matters to guarantee a smooth functioning and successful policy making of the Eurosystem. 4.
Conclusion  A closer look at the first ten years of the euro shows how Europe and European citizens have benefited from the establishment of the Eurosystem, and the provision of a truly European public good, the euro. The euro has successfully turned out to be a stable currency, resulting from the sound reputation and credibility of the Eurosystem’s policy framework.