RobertB
October 4th, 2007, 10:57 AM
ECB sparks doubt over eurozone expansion
03.10.2007 - 09:50 CET | By Lucia Kubosova
EUOBSERVER / BRUSSELS - The European Central Bank has sent signals of caution over the next round of eurozone enlargement, with Slovakia fearing it will be denied euro entry in 2009 for political reasons.
Two members of the executive board of the Frankfurt-based bank warned about the readiness of both the eurozone and the euro candidates for further expansion of the single currency at a conference on Monday (1 October).
The 13-member monetary union was last enlarged in January when Slovenia, as the first of the 2004 EU entrants, joined the euro club. Ljubljana is set to be followed next year by the two Mediterranean islands of Cyprus and Malta.
http://euobserver.com/9/24893
03.10.2007 - 09:50 CET | By Lucia Kubosova
EUOBSERVER / BRUSSELS - The European Central Bank has sent signals of caution over the next round of eurozone enlargement, with Slovakia fearing it will be denied euro entry in 2009 for political reasons.
Two members of the executive board of the Frankfurt-based bank warned about the readiness of both the eurozone and the euro candidates for further expansion of the single currency at a conference on Monday (1 October).
The 13-member monetary union was last enlarged in January when Slovenia, as the first of the 2004 EU entrants, joined the euro club. Ljubljana is set to be followed next year by the two Mediterranean islands of Cyprus and Malta.
http://euobserver.com/9/24893