The main focus is on monetary policy, looking at the strategy, the experience to date and communication. The session will also include the launch of some new euro area statistics. Experience and achievements For almost seven years now the euro area has had a single currency and a single monetary policy conducted by the Governing Council of the ECB.
With debt restructuring clearly off the table, the needed path of fiscal adjustment was pretty much a arithmetical calculation. Getting the debt path back into clearly sustainable territory left little scope for discretion.