Slovakia on track to adopt euro in 2009
Monday, March 14, 2005
The main monetary figures and the fiscal situation "are going in a good direction," Almunia said. "If things continue as they are today, I'm sure the Slovak authorities will meet the target of being a member of the eurozone in 2009."
Slovakia joined the European Union last year along with other , , and Mediterranean states. The of its has been one of the highest in the European Union, recording 5.5% growth in 2004. Almunia said that authorities should use this growth to curb the country's relatively high budget deficit, a necessary prerequisite for joining the euro zone.
- "Almunia: Slovakia on Track to Adopt Euro" — , March 10, 2005