Papademos at Third ECB Central Banking Conference

In his opening address at the Third ECB Central Banking Conference 'The new EU Member States: convergence and stability' on 21 October Lucas Papademos said there is a risk that reform fatigue will set in after EU accession, because the incentive for reform may no longer be as strong as before.

"EU membership is not sufficient to ensure continued economic success and real economic convergence of the new EU countries with the older member states," he said.

The Czech Republic, Estonia, Cyprus, Latvia

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