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Almunia: Slovakia will benefit from Eurozone membership

EU Commissioner for Economic and Monetary Affairs Joaquin Almunia on July 8 welcomed the unanimous decision by European Union finance ministers to put the final seal on Slovakia's entry to the Eurozone and set the crown-euro conversion rate at 30.126 SKK/EUR.


EU Commissioner for Economic and Monetary Affairs Joaquin Almunia on July 8 welcomed the unanimous decision by European Union finance ministers to put the final seal on Slovakia's entry to the Eurozone and set the crown-euro conversion rate at 30.126 SKK/EUR.

"I'm confident that Slovakia will fully benefit from its membership in the Eurozone, and will draw on the experience of other Eurozone members," he said.

Slovakia's admission to the Eurozone is evidence that it is not a closed shop and that every country that complies with the required criteria is very welcome to join, said Almunia. French Finance Minister Christine Lagarde, who presided over the ECOFIN meeting on July 8, stated that this will be the first time that a country that emerged from behind the Iron Curtain will become a Eurozone member, calling it a “historical milestone”. TASR

Compiled by Zuzana Vilikovská from press reports
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