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INEKO Poll: Slovakia has 76 percent chance of adopting Euro

According to an INEKO agency and KEA (Club of Economic Analysts) survey carried out in June, the probability that Slovakia will be able to adopt the common European currency as of January 2009 as planned has stabilized at 76 percent, INEKO analyst Peter Golias stated on July 10.

Compared to the outlook in May, when the index was 77 percent, two key Maastricht criteria were viewed as experiencing a deterioration, the public finances deficit and inflation.

Sixteen analysts took part in the regular survey in June, with 15 saying Slovakia would adopt the euro in January 2009 and one saying it wouldn’t.

Eleven analysts also estimated the rate at which the Slovak crown will be exchanged for euros at the time of the changeover. The average estimate was 32.44 SKK/EUR, with estimates ranging from Sk31.50 to Sk33.15 per euro.

Compiled by Zuzana Vilikovská from press reports
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