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Audio – Part Two: New EU member states running fast, but some need to tie their shoelaces – IMF’s Rosenberg
This cartoon from The Economist illustrates for Christoph Rosenberg, IMF Senior Regional Representative Central Europe and Baltics, most aptly what the situation looks like for Europe’s new member states in the region.
Especially when it comes to fiscal policy, there is still a bit of work to do, Rosenberg told the Reuters Central European Investment Summit, also giving his wish list on policy issues. Meanwhile, the whole debate surrounding the adoption of the euro currency was very much focussed on countries meeting the Maastricht criteria and less on how the new member states could actually improve their economies to do well in the bloc, said Rosenberg.