"The introduction of the euro is probably the most important integrating step since the beginning of the unification process. It is certain that the times of individual national efforts regarding employment policies, social and tax policies are definitely over. This will require to finally bury some erroneous ideas of national sovereignty. I am convinced our standing in the world regarding foreign trade and international finance policies will sooner or later force a Common Foreign and Security Polic worthy of its name. National sovereignty in foreign and security policy will soon prove itself to be a product of the imagination." ~German Chancellor Gerhard Schröder on 'New Foundations for European Integration', The Hague, 19 Jan.1999 ~