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KDH raises Euro adoption issue

THE RULING Christian Democratic Movement (KDH) wants to hold off on adopting the euro until the EU15 lifts labour restrictions for workers from new EU members, the daily SME wrote.

According to the KDH's Július Brocka, the adoption of the euro and free movement of labour are "two aspects of the same problem - European integration".

Peter Papanek, the spokesman for the Slovak Finance Ministry, said both issues were priorities for Slovakia, so it was not good that the KDH were making the lifting of the labour restrictions a condition for adopting the euro.

"We are trying to introduce the euro as soon as possible and at the same time see the work restrictions abolished as soon as possible," Papanek said.

Ján Tóth, analyst with the ING Bank, thinks that the discussion raised by the KDH is useful but warned that it has come too late because the official cabinet strategy for the adoption of euro has already been approved.

Slovakia plans to introduce the euro on Janaury 1, 2009.

Compiled by Martina Jurinová from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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