As a result, not only the public, but also the ECB and the entire Eurosystem have learnt a lot from the exchange with watcher groups in the context of the annual watcher conferences. Over the years, the topics discussed at these events have covered all issues that were and are still highly relevant for monetary policy in EMU.
Let me give you some examples: •  Monetary policy strategy  •  Monetary and fiscal policy coordination  •  Central bank communication  •  European financial integration  •  EU enlargement  •  International role of the euro  •  Global imbalances  But I do not want to provide you with further details with respect to these topics.