Austrian Central Bank Honours Slovenian Adoption of Euro

20. März 2007, 00:00

The Austrian Central Bank organised a special event in Graz Monday to honour Slovenias adoption of the euro

The Austrian Central Bank organised a special event in Graz Monday to honour Slovenias adoption of the euro. The event was attended by Austrian Central Bank Governor Klaus Liebscher and Slovenian Central Bank Governor Mitja Gaspari.

Gaspari presented to participants Slovenias path to adopting the euro, stressing that Slovenias entering the Eurozone is not only a recognition of past achievements, but also an obligation for the future.

"Future challenges are connected to sustainable growth, improved competitiveness and the preservation of financial stability," he was quoted by the central bank as saying.

According to him, banks are facing risks originating from the integration of European financial markets. "These are calls for both Slovenian and Austrian central banks to take their successful cooperation even further," he concluded. (Delo)
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