Trichet testimony: ECB prepared for enlargement

In testimony before the European Parliament on the presentation of the ECB's Annual Report 2003 given on 27 Apri,l Jean-Claude Trichet of the ECB said the ECB and the ESCB are well prepared both for EU enlargement itself and for the challenges that the future monetary integration of the new Member States will pose.

"The evidence available continues to indicate that the moderate recovery of euro-area real GDP growth that started in the second half of 2003 has continued in 2004," Trichet told the

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