Liebscher: Austria after 10 years of EU membership

In a speech on 'Austria after 10 years of EU membership - a review from a central banking perspective' given on 1 April, Klaus Liebscher of the Austrian National Bank said the country's EU entry and its participation in the currency union have "shaped" the Austrian economy.

The implementation of the EU legislation, the intensive cooperation and communications with the EU institutions triggered major reforms in the country, Liebscher said.

He underlined that following entry to the EU, general

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