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Analysts optimistic on Euro adoption

The probability that Slovakia will adopt the Euro as planned in January 2009 remains unchanged in January, despite the release of a European Commission report with recommendations of a wider fiscal consolidation.

The probability that Slovakia will adopt the Euro as planned in January 2009 remains unchanged in January, despite the release of a European Commission report with recommendations of a wider fiscal consolidation.

According to a regular survey conducted by the INEKO non-governmental think tank and the Club of Economic Analysts (KEA), economists and analysts see the likelihood of Slovakia's entry into the Euro-zone as scheduled in 2009 at 78 percent in January, which still represents the most positive expectations.

Compared to December of 2007, expectations regarding fulfilment of the other Maastricht criteria did not change in January. According to economists, the general government's budget should end in a deficit of 2.5 percent of the gross domestic product, which is well under the three-percent criterion. SITA

Compiled by Zuzana Vilikovská from press reports

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