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EU ready to help Slovakia with euro-campaign

THE EUROPEAN Commission is prepared to help Slovakia with an information campaign ahead of the country’s adoption of the euro currency in 2009.

According to EU Commissioner Ján Figeľ, the EU will cover up to 50 percent of the cost of such a campaign, and will also lend expert assistance, the Sme daily wrote.

Ivan Šramko, the governor of Slovakia’s central bank, estimated that such an information campaign could cost around €5 million.

According to Figeľ, Slovakia should use its current strong economic growth, which the central bank forecasts at 8.6 percent in real terms in 2007, to further reduce the deficit in public finances even beyond the 3 percent of GDP required for adoption of the euro.

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