future development of the euro zone

[dippu]

some good news

Danish prime minister Fogh Rasmussen:
Another referendum on replacing the krone will be held in next 4 years!

Polish Prime Minister Donald Tusk:
"We won't be governed by any doctrine, but the government will do everything to ensure Poles are prepared for entry to the euro zone as soon as possible"

[Klazu]

Four years...I would prefer 2008 for many countries.

I also read recently from a newspaper that Poland is concidering introducing Euro as fast as possible. That will be also many years, but eventually...

[Beatminister]

...to ensure Poles are prepared for entry to the euro zone as soon as possible...

I wonder how they will do that... driving lessons for everybody?

[dippu]

Today ECB will tell their recommendation if Slovakia should join the euro zone next year or not. Nobody expects a "no" after the reported inflation rate of Slovakia fulfilling the criterion.

[Dakkus]

Slovakia has been accepted and will join us on on January 1st, 2009. See news article for example here: http://www.guardian.co.uk/business/feedarticle/7503001

Whej!

Quite surprising that they're joining before CZ.

[GP]

Great news!

[ErGo]

Since the basic equipment of Euro-notes will come from the Austrian National Bank (like it happend with Slovenia), i am glad to look forward for a - hit!

[diogocanilho]

Hello Trackers!
Here's a news about the wish of São Tomé e Princípe's Prime-Minister to have the euro as the national currency in the near future (with the help of Portugal): http://ww1.rtp.pt/noticias/?article=363 ... =26&tema=4 (in portuguese)

[Beatminister]

Hello Trackers!
Here's a news about the wish of São Tomé e Princípe's Prime-Minister to have the euro as the national currency in the near future (with the help of Portugal): http://ww1.rtp.pt/noticias/?article=363 ... =26&tema=4 (in portuguese)

I guess it will be taking some time before new countries (except the ones who are already scheduled to join) are entering the € zone, with the recent turmoil on the money market.
For example, how could they demand a inflation rate below 3% as a condition to join, if the € is above 3% itself?

[WinstonSmith]

I might be wrong, but no inflation limit of 3% is set. Instead, the limit equals to 1,5% + the average inflation in the three EU (Eurozone?) states with the lowest inflation rate.

[melitikus]

I might be wrong, but no inflation limit of 3% is set. Instead, the limit equals to 1,5% + the average inflation in the three EU (Eurozone?) states with the lowest inflation rate.

that's right

[Jes]

I still don't have any Dobra in my collection!!