Prudent accession and enlargement policies will enhance the position of the European Union and add to the importance of the euro worldwide, reinforcing it as a major and stable cornerstone of the international monetary system.
This will, however, require perseverance of structural reform efforts in various fields within the European Union, as well as sound convergence strategies and policies on the part of accession candidates. Together we provide our strategic response to rising global competition and our common contribution to global stability. Thank you very much for your attention. 4  BIS Review 91/2001