Spectator on facebook

Spectator on facebook

European Commission gives green light to euro adoption in Slovakia

The euro will become Slovakia's official currency in 2009. A convergence report issued by the European Commission (EC) states that the country's fulfilment of the Maastricht Criteria is sustainable, the SITA newswire wrote. The EC has recommended Slovakia's admission to the eurozone as of January 2009, which will make it the sixteenth member of the euro club. Its recommendation is regarded as key. A more-or-less formal approval of Slovakia's entry to the eurozone will now take place in other European institutions. Only a few weeks separate Slovakia from the final decision about its admission to the eurozone, which follows the EC’s recommendation. During this period, the European Parliament will provide its viewpoint. The Council of EU ministers of economy and finance will announce their view on June 3. Afterwards, a summit of European heads of state and government will take place on June 19-20. In compliance with the decision of the Council of European Heads of State and Government, the Council of European ministers of economy and finance will give the go-ahead to Slovakia’s adoption of the euro and approve the conversion rate. SITAb>Compiled by Zuzana Vilikovská from press reportsThe Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

The euro will become Slovakia's official currency in 2009. A convergence report issued by the European Commission (EC) states that the country's fulfilment of the Maastricht Criteria is sustainable, the SITA newswire wrote. The EC has recommended Slovakia's admission to the eurozone as of January 2009, which will make it the sixteenth member of the euro club. Its recommendation is regarded as key. A more-or-less formal approval of Slovakia's entry to the eurozone will now take place in other European institutions. Only a few weeks separate Slovakia from the final decision about its admission to the eurozone, which follows the EC’s recommendation. During this period, the European Parliament will provide its viewpoint. The Council of EU ministers of economy and finance will announce their view on June 3. Afterwards, a summit of European heads of state and government will take place on June 19-20. In compliance with the decision of the Council of European Heads of State and Government, the Council of European ministers of economy and finance will give the go-ahead to Slovakia’s adoption of the euro and approve the conversion rate. SITA
b>Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

Crematorium in Bratislava is an architectural revelation Photo

Those who have experienced farewells in other crematoria know what makes it special. Now the best work by the architect Ferdinand Milučký is getting a monograph

Crematorium in Bratislava by architect Ferdinand Milučký

What kind of expectations do some Slovaks have for world leaders?

Among EU member states, opinions of the United States declined in all but two — Poland (which makes some sense) and Slovakia (which does not).

Donald Trump

Crates and boxes. Slovaks discover new ways of grocery shopping

Farmer’s boxes are gaining customers in Slovakia as people slowly become more conscious about quality and the origin of the food they eat.

Foreigners: Top 10 events in Bratislava Video

Tips for the top 10 events in the capital between January 19 and January 28, plus regular services in different languages, training, temporary exhibitions and highlights of the year.

Scandi 4