Brit analysts see little harm in late Eurozone entry

Pharma

Britain, Sweden and Denmark would gain little from joining the euro zone and some of the bigger economies of eastern Europe, such as Poland and Hungary, may not need to rush to adopt the common currency either, according to a fresh report by the Center for Economic Policy Research. Potential trade gains connected to euro membership are overstated by would-be members as countries that originally opted out of the euro have received a "free ride" when the euro was created in 1999, benefiting almost as much as euro members from the trade boost, Richard Baldwin, the report's author said. Baldwin said the bigger eastern European states, like Poland, Hungary or the Czech Republic, have some reason for wishing to maintain control over monetary policy and their exchange rates, at least for now. (MH 10)

ADVERTISEMENT

Varga puts 2021 GDP growth at 7-7.5% Analysis

Varga puts 2021 GDP growth at 7-7.5%

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New managing director at the helm of Wolt Hungary Appointments

New managing director at the helm of Wolt Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

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.