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Liebscher, Klaus --- "Navigating the road to Europe" [2005] ELECD 373; in Liebscher, Klaus; Christl, Josef; Mooslechner, Peter; Ritzberger-Grünwald, Doris (eds), "European Economic Integration and South-East Europe" (Edward Elgar Publishing, 2005)

Book Title: European Economic Integration and South-East Europe

Editor(s): Liebscher, Klaus; Christl, Josef; Mooslechner, Peter; Ritzberger-Grünwald, Doris

Publisher: Edward Elgar Publishing

ISBN (hard cover): 9781845425173

Section Title: Navigating the road to Europe

Author(s): Liebscher, Klaus

Number of pages: 5

Extract:

Navigating the road to Europe
Klaus Liebscher

In 2003 the Oesterreichische Nationalbank (OeNB) hosted its last
`East­West Conference'. At the time, we had come together to debate `The
economic potential of a larger Europe ­ keys to success' and thus revisited
the most important topics of previous East­West conferences, such as
human capital formation, financial stability, and the specification of a suit-
able policy mix for structural reforms. I am very proud to be able to say that
the OeNB has been following the transition process very closely from the
very beginning. Already in 1989, the Oesterreichische Nationalbank started
to build up an international platform ­ comprising seminars, workshops
and conferences ­ to discuss questions that are related to the transition
process and to European integration. By 1995, the East­West Conference
was established as an annual event of the OeNB in Vienna that highlighted
numerous aspects of mutual interest year after year. Finally, in the setting
of the 2003 East­West Conference, we pre-celebrated the historic event of
the enlargement of the European Union (EU) towards the East in May
2004 ­ truly a major milestone in the European integration process. Up to
today, the European Union has reached a high degree of stability and pros-
perity. One may safely assume that in the first half of the last century people
would not have dared to dream of this period of peaceful convergence
across Europe.
Despite the successes, one has to acknowledge that much remains to be
done for strengthening ...