Trichet's verdict on euro hopefuls

Speaking at a press conference after the ECB's rate rise last week, Jean-Claude Trichet, gave his assessment of countries striving to join the euro.

On Romania: "it seems to me that Romania has a lot of homework to do," Trichet said. "That homework is being done," he added "and it has to continue to be done in an active fashion over a number of years in order to meet those criteria." The biggest challenges "probably the structural reforms and the overall sustainable delivery of a good macroeco

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