I would like to emphasise three key features of the Committee’s work that help ensure that all the parts work together and that the new regulatory package succeeds. First, there is public consultation. The Committee is conducting a thorough analysis of the nearly 300 comments received covering thousands of pages.
Nevertheless, it is true that, when the euro was introduced, a few sectors in some European economies tried to take advantage of the changeover to increase certain prices abnormally. This led to an average rise of around 0.2% at the time of the changeover.