2  BIS Review 152/2008  We must, however, be aware that there are economies that are less market-oriented than others, where the behaviour of economic actors may be less sensitive to the price of money and where bottom-line considerations may not be of prime importance in business decisions.
According to survey data, only half of the population favours the introduction of the euro. We certainly need to take such scepticism seriously. Europe cannot simply be a project that is imposed by the elites without the backing of the general public.