This was also the period when the perceived benefits of globalisation reached their high-water mark and, for euro area countries, when Monetary Union came into being, potentially paving the way for the macroeconomic and microeconomic benefits of the European Single Market to be fully unleashed.
However, we soon became aware of the need to broaden education of the public in a systematic and well organized fashion, and ultimately decided to set up of a Centre for Financial Services Consumer Protection and Market Supervision in early 2007.