Trichet on further integrating euro area economies

In the speech 'Further integrating euro area economies: some reflections' given on 29 June Jean-Claude Trichet of the ECB said the economic and financial environment is changing and euro area countries are becoming progressively more interdependent.

"Several potential concerns preceding the launch of the euro have been dispelled. At the same time, more must be done to increase the flexibility and adaptability of euro area economies. Structural reforms are essential to facilitate and speed up the

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