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Brit analysts see little harm in late Eurozone entry

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)