EC economy commissioner Almunia: Slovakia Eurozone entry in 2009 likely
The adoption in the euro in Slovakia in line with the government objective deadline from the beginning of 2009 was likely, the EC commissioner for economy and monetary affairs, Joaquin Almunia, declared.
He underlined that the country still failed to meet the inflation and budget deficit criteria although he believed that the deficit would be reduced below the criteria ceiling of 3% of GDP this year already. Almunia expected that the fiscal adjustment efforts would continue in the following years. According to him, Slovakia would be evaluated for eligibility for euro adoption in the spring of next year when the stability of the exchange rate in the ERM II would also be considered. In turn, PM Robert Fico stated that the government remained fully committed to adopting the euro in the beginning of 2009 and its fiscal and social policies were coordinated to serve this target. (financnik.sk)
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.