ECB's Issing on EU and euro zone enlargement

In a speech on 'The enlargement of the EU and the euro zone' given on 27 April Otmar Issing of the ECB said that the main question for the new Member States is how to achieve fast catching up with the old Member States.

"The new Member States have already made significant progresses, but the gap remains large, and many years of high growth are required. One of the main benefits of introducing the euro at a later stage is that the necessary convergence requires a coherent stability oriented

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