ECB's Papademos on monetary stability, integration

In the speech 'Monetary stability and financial integration in Europe' given on 9 May Lucas Papademos of the ECB said the ECB is committed to, and will continue to support, the process of structural reform in financial markets, as well as in labour and product markets.

One of the most important contributions that the ECB can make in this respect, Papademos said, is to provide, as in the past, a strong and reliable anchor for safeguarding monetary stability. "That said, the relationship between a

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