Spectator on facebook

Spectator on facebook

Slovakia might adopt euro sooner than its neighbours

SLOVAKIA might be the first new member of the EU to adopt the euro, leaving behind its neighbours Hungary, Poland and the Czech Republic, based on the opinions of Slovak economists, the daily SME reported.

The economists agreed that Slovakia has an 80-percent chance of being able to start using the single currency as of 2009.

According to the economists, the risk of the next government changing tack and rescheduling Slovakia's euro-adoption policy is lower than 30 percent.

Meanwhile, the original 2010 euro-adoption date set by Hungary is now in doubt, as Slovakia's southern neighbour is hard put to cope with its high fiscal deficit.

The Slovak Finance Ministry says that if any delay is to occur in adopting the euro, it would be due to political reasons.

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

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

How rock music helped bring down the totalitarian regime Video

A new film shows that Rock & Roll, forbidden in the Soviet Union, helped to end the Cold War.

Illustrative Stock Photo

Movies under an open sky feel differently than in an air-conditioned cinema Photo

The popularity of outdoor cinemas is increasing in Bratislava

Bažant Kinematograf on the Magio Pláž beach

Peter Sagan announces split with his wife Katarína

The Slovak cycling star who has a young son said “It will be much better this way”.

Peter Sagan marries Katarína, November 2015.

Top 3 news from Last Week in Slovakia Video

Slovakia to buy 14 American fighter jets.

This archive picture from 2014 shows an older model of the F-16 fighter jets.