ECB's Tumpel-Gugerell at the Euro conference

In a panel intervention at the Euro conference hosted by Banka Slovenije given on 15 January Gertrude Tumpel-Gugerell of the ECB said now that it has adopted the euro, Slovenia needs to adapt to the absence of an independent monetary and exchange rate policy.

"Future adjustments in competitiveness will therefore have to derive entirely from flexibility in wages and prices. Structural reforms aimed at increasing the flexibility of the economy are thus of the essence. Moreover, Slovenia will be

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