Lucas D Papademos: Challenges for monetary policy in Europe Address by Mr Lucas D Papademos, Vice-President of the European Central Bank, at the 9. Internationales Finanz- und Wirtschaftsforum, Vienna, 13 November 2003.
Moreover, the reform includes other stabilization measures, which aim to slow down or even stop the sector indebtedness. Public finances reform aims to make public finances more transparent as well, introduces strategic planned budgeting and more effective allocation of resources. This reform includes introduction of forecasting systems for stable medium-term framework of public finances.