There is still a long way to go if we want to attain the objective of the Lisbon Strategy to make the European Union “the most competitive and dynamic knowledge-based economy in the world”. 2  2  See, among others, Philippon and Véron (2008) and Aghion, Fally and Scarpetta (2007).
Going forward the bank is working towards providing internet banking  BIS central bankers’ speeches  1  which will allow for services such as: online bidding faster dissemination of auction results and statements for government securities. 6.