Trichet's concluding remarks to ECB conference

In concluding remarks to the Third ECB Central Bank conference on 22 October Jean-Claude Trichet of the ECB said a stable macroeconomic environment and progress in structural and fiscal reforms are essential to take full advantage of the benefits of EU enlargement.

"In my view, the most pressing challenges for the new Member States are to maintain price stability and to advance with fiscal consolidation."

"With respect to price stability, the new Member States will be confronted with the challenge

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