ECB's Tumpel-Gugerell on an enlarged EU

In a speech 'Enlarged EU - Financial Strength and Weakness from a Global Perspective' given on 23 March, Gertrude Tumpel-Gugerell of the ECB said that while structural reforms, particularly of the labour markets, were needed in Europe, governments should ensure that they did not come at the cost of social security.

"Flexible labour markets are seen as a pre-condition for more growth," ECB executive board member Gertrude Tumpel-Gugerell said in the speech at a European banking and financial forum

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