27 April 2005, 11:25 ECB Issing:Euro adoption- control inflation and achieve sound fiscal policies
Issing listed the following as key challenges on the road to euro adoption:
"- Containing inflationary pressures and controlling inflationary expectations
- Achieving smooth entry into ERM-2 by undertaking all major policy adjustments prior to entering the mechanism
- Achieving and maintaining sound fiscal balances
- Supporting competitiveness and strengthening domestic adjustment mechanisms by improving labour market flexibility."
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