Slovakia: Euro adoption accepted, but...

Wed, May 7 2008, 13:08 GMT
by Lars Christensen, Lars Rasmussen

Danske Bank A/S


The European Central Bank (ECB) has just released its convergence report on the assessment of the economic and legal convergence of 10 EU member states, including Slovakia. The report confirms Slovakia’s bid to become the 16th member of the Euro currency area as of January 2009, as Slovakia fulfilled the socalled Maastricht criteria in the reference year, 2007. However, the report, which on several issues is highly critical, indicates that it has not been an easy decision, and we are pretty certain that not all of the ECB and EU Commission decision-makers have been fully supportive of Slovakia’s euro bid.

Published on  Wed, May 7 2008, 13:10 GMT

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