Cyprus, Estonia, Lithuania, Slovenia 'could adopt euro by 2007'
Published:
6 May 2004 y., Thursday
Four of the 10 new European Union members could take the first step towards joining the euro by the end of this year, with the aim of adopting the single currency in 2007, the Financial Times reported.
Cyprus, Estonia, Lithuania and Slovenia have indicated they could join the Exchange Rate Mechanism II - the waiting room for the single currency - later this year, the newspaper quoted the European Commission as saying.
Under ERM II they would have to fix their currency against the euro within a fluctuation band of 15 pct.
A spokesman for EU monetary affairs commissioner Joaquin Almunia said the timetable for entry set by all the new members is "realistic".
All 10 EU accession countries are legally committed to joining the euro.
Šaltinis:
afxnews.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
According to Spain's Minister of Industry, Tourism and Trade, Miguel Sebastián, currently chairing an Informal Energy Council today in Seville, the key to achieving a common EU energy market is to establish interconnections.
more »
Mr. Dominique Strauss-Kahn, Managing Director of the International Monetary Fund (IMF), announced today that the Fund will provide US$100 million very rapidly in emergency financing to Haiti to assist it in dealing with the aftermath of the massive and devastating earthquake that has hit the country.
more »
Mr. Dominique Strauss-Kahn, Managing Director of the International Monetary Fund (IMF), issued the following statement on Jamaica today.
more »
The Government of the Republic of Korea and the International Monetary Fund (IMF) announced today that they will jointly host a high-level international conference on Asia in Seoul, South Korea, during July 12-13, 2010.
more »
Mr. Dominique Strauss-Kahn, Managing Director of the International Monetary Fund (IMF), will travel to Tokyo and Hong Kong SAR, January 18−20, 2010.
more »
After lots were drawn, ten winners of Danske Bankas scholarships and one winner of an iPod shuffle player were established.
more »
The Meeting is convened on the initiative and by the resolution of the Management Board of the Bank.
more »
Today, Thursday, on the second and last day of their informal meeting in La Granja (Segovia), the ministers responsible for European Affairs will study the challenge of how to boost reflation through sustainable growth that generates new employment.
more »
How well-equipped are European companies to meet the challenges of global competition and the recent recession? The 2009 European Company Survey provides some clues.
more »
The European Commission decided today not to raise any objections to Finland's plan to support infrastructure investments in Vaasa regional airport.
more »