There's a stability and growth pact which was agreed for the eleven countries which tries to limit the size of budget deficits among the eleven countries.

Another question has been raised rather widely in Europe, in Japan as well as in the United States is what, to what extent will the euro become a reserve currency.

Some countries that are close to Europe that already hold Deutschemarks, clearly would automatically hold euros, those are countries in Eastern Europe mainly, a few countries in Africa.

Trust and the ability to identify trustworthiness are not the same thing, although trust and trustworthiness are logically linked.

Trust is built step by step, commitment by commitment, on every level.

True, trust necessarily carries with it uncertainties, but we must force ourselves to think about these uncertainties as possibilities and opportunities, not as liabilities.

All trust involves vulnerability and risk, and nothing would count as trust if there were no possibility of betrayal.