The preparatory work involves inter alia strategy and instruments for the conduct of a single monetary policy as well as detailed planning of the payment system. Progress has also been made in specifying the legal status of the single currency - the euro - as well as in the design of euro notes and coins.
The benefits from Government’s higher capital spending are now clearly seen in our improved roads and other infrastructure. However, an unintended consequence of more affordable automobiles is increased congestion on our roads, as I have highlighted earlier with the growing number of registrations.