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Articles related to "Enlargement and the euro"

News

Commission says ready to back Estonia's eurozone bid - 16 April 2010

Estonia is likely to become the seventeenth member of the euro zone in 2011 as its macro-economic performance remains under control despite the recession. The European Commission is set to give its green light in mid-May.

Central Europeans more sceptical about euro - 26 January 2010

Citizens of former communist countries that joined the European Union in 2004 and 2007 are increasingly hesitant about adopting the euro currency quickly, a Eurobarometer survey showed yesterday (25 January).

Verhofstadt invites Eastern Europe to adopt euro - 27 November 2009

Guy Verhofstadt, leader of the liberal group in the European Parliament, yesterday (26 November) proposed that East European countries which are still outside the euro zone should immediately adopt the EU's single currency as legal tender as protection against the crisis.

Local currencies making a comeback in global recession - 25 November 2009

With unemployment rising and retailers feeling the pinch, a handful of European towns have introduced their own currencies to help keep cash in the local economy.

Slovakia to join euro against background of scandal - 09 July 2008

EU finance ministers gave Slovakia the green light on 8 July to adopt the euro on 1 January 2009, setting the conversion rate for the Slovak koruna to the euro at 30.126 SKK amid a scandal regarding suspected trading of privileged information on central parity movements, EurActiv.sk reports.

Commission criticises lack of euro unity on 10th anniversary - 08 May 2008

Celebrating the euro's 10th jubilee, the Commission praised the single currency's successes but lamented the eurozone's lack of a single voice in the global arena. Meanwhile, Slovakia was given the green light to adopt the euro in 2009, despite concerns over its ability to restrain inflation.

Interview: Global role of euro 'likely to become stronger' - 04 March 2008

The euro will have an increasingly stronger role to play in global markets because the dollar's difficulties are long-term, predicts David Cobham, an economics professor at Heriot-Watt University in Edinburgh, in an interview with EurActiv Slovakia.

Slovakia ready for euro in 2009, says PM - 04 December 2007

Budget deficits at a record low and controlled inflation mean that Slovakia is likely to be ready to adopt the euro by 2009, Prime Minister Robert Fico told members of the European Parliament.

Czech Republic rebuffed over budget deficit - 31 May 2007

The Czech Republic got bad marks for failing to curb its budget deficit with the Commission urging the country to get its budget below the 3% of GDP threshold by 2008.

Hungary plans euro adoption road map - 22 February 2007

The Hungarian government is working out a road map for its accession to the eurozone, after having dropped its 2010 target date for euro accession. Meanwhile, the EU is to call for improved budgetary discipline.

Cyprus aims for 2008 euro membership - 14 February 2007

The Commission has announced that Cyprus may be the next member state to join the eurozone, the current outlook of which looks promising.

World Bank sees strong growth among new EU members - 26 January 2007

A World Bank report suggests that the strong growth among central and east-European states that recently joined the EU should continue but is likely to slow down in 2007. It adds that enthusiasm for early euro-adoption has waned.

EU countries' budget-plans under scrutiny - 23 January 2007

The Commission is to assess member states' plans to consolidate their budgets. Germany will be told to do still more in the future to keep its deficits under control.

Slovenia adopts euro amid inflation fears - 04 January 2007

Slovenia celebrated the adoption of the euro on 1 January 2007, but there is concern that the introduction of the single currency may bring price rises.

Euro aspirants fall short of requirements - 07 December 2006

New member states and Sweden are unlikely to adopt the euro in the near future, according to convergence reports issued by the Commission and the European Central Bank (ECB). The Commission has urged candidates to step up their efforts.

IMF report questions Hungary’s budget plans - 03 November 2006

Hungary’s government wants to balance its budget within the next three years, but a recent IMF report raises doubts about the outlook of the euro convergence plan.

Hungary raises interest rates in fear of inflation surge - 25 July 2006

Continued inflation raises doubt about Hungary's hopes of joining the euro zone in 2010.

Lithuanian government falls - 01 June 2006

Already weakened by the rejection of Lithuania's Euro bid, Prime Minister Algirdas Brazauskas and his government resigned after the withdrawal of the biggest party in the coalition.

Commentary: Inflation criterion for euro candidates "senseless" - 05 May 2006

Two economics professors challenge the "flawed" and "senseless" inflation criterion of the Maastricht criteria for euro zone membership.

Estonia reconsiders euro adoption date - 28 April 2006

Estonia has decided to postpone its euro zone entry until January 2008. The reason: high inflation.

Slovakia ties koruna to the euro - 28 November 2005

Slovakia has become the seventh new EU member state to officially link its currency, the koruna, to the euro. 

New members must step up euro preparations - 07 November 2005

The Commission has called on the new member states to step up efforts towards introducing the euro. This should include promoting the common currency as public support for it is decreasing.

'Creative accounting' hides stability pact breaches - 06 October 2005

Monetary Affairs Commissioner Joaquín Almunia has accused member states of applying tricks learnt from the corporate sphere to hide deficits in breach of the Stability and Growth Pact.

The race for the euro: Hungary running out of steam? - 27 April 2005

The new member states are all working towards the adoption of the euro. The road is bumpy and setbacks are frequent - and Hungary has a story to tell.

Survey: EU-10 citizens divided over the euro - 16 November 2004

Following its first comprehensive report on the new member states' practical preparations for the common currency's adoption, the Commission has published the results of a survey on the perception of the euro in the EU-10 states.

Opinion

The case for adapting the policy framework in the euro area - 21 January 2008

Maintaining a learning mindset and showing willingness to adapt the policy framework of European monetary union is "crucial" to the euro's long-term success, according to a January report from Bruegel.

Analysis: New member states' way to the Eurozone - 29 May 2006

Frédéric Allemand (Robert Schuman Foundation) draws a critical picture of the monetary integration process in the EU from a new member states' perspective. He focuses on entry conditions, convergence strategies and citizens' feelings.

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