Information and communication technology makes this growth possible, but restructuring within working and organisational processes, combined with personnel training, are equally necessary. And behind all this is the requirement of innovative management and the employees’ commitment to their organisation. Everyone must bear his or her own responsibility. BIS Review 78/2006  3
In cases of misalignments, the possibility of realigning parities was foreseen. In June 1988, under the chairmanship of Jacques Delors, a former President of the European Commission, a report regarding the introduction of a single currency was initiated. This report concluded with the recommendation to achieve Economic and Monetary Union in a three-stage process.