However, in my opinion, due consideration should be given first and foremost to the advantages to be had from joining the European Monetary Union. In Germany we already enjoy those advantages. Ladies and gentlemen, thank you for your attention..  6  BIS Review 46/2001
4  In addition, challenges of a structural nature may complicate matters further. First, as noted above, the context in which monetary policy normalization in the US and other AEs is taking place is unprecedented, making in turn its potential ramifications difficult to assess and foresee.