Padoa-Schioppa on enlargement and "old" Europe

In the speech 'Enlargement and "old" Europe: Blow or bless?' given on 21 October Tommaso Padoa-Schioppa of the ECB said the entry into the EU of 10 new member states last May could stimulate economic reforms in the other 15 EU member countries.

"The arrival of the ten is a potential boost for structural reforms in the rest of Europe," he said in the speech.

"For the fifteen, the arrival of the ten can be a boost rather than a blow," he said.

He said the new member countries, mostly in eastern

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