BNB's Quaden on prospects of the European economy

In a speech on 'Prospects and challenges of the European economy' given on 27 October Guy Quaden of the National Bank of Belgium said that the challenges are known and the analyses are completed. "So I believe Europe can implement the Lisbon agenda. The introduction of the euro was a splendid example of a not easy but successful structural reform. It can be and it should be followed by others.

"The framework through which the Lisbon agenda is implemented relies largely on a peer pressure

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