As EU celebrates ten years of its single currency, Slovakia gets the nod to join eurozone in 2009.
Ten years ago this month, EU leaders took the historic decision to launch the euro. The currency hit the streets in January 1999 and the Economic and Monetary Union (EMU) was born.
Now some 320m Europeans in 15 countries – more than the population of the US – use the same currency and benefit from an integrated EU market.
The euro has also helped us run sound public finances and macroeconomic policies – all of which have created more jobs.
Ten years ago this month, EU leaders took the historic decision to launch the euro. The currency hit the streets in January 1999 and the Economic and Monetary Union (EMU) was born.
Now some 320m Europeans in 15 countries – more than the population of the US – use the same currency and benefit from an integrated EU market.
The euro has also helped us run sound public finances and macroeconomic policies – all of which have created more jobs.
Another report out today found that Slovakia meets the requirements for joining the euro - stable prices and exchange rates, low interest rates, government deficits and debt, and compatible national laws. The commission will recommend that EU governments approve Slovakia's membership of the eurozone from 1 January 2009.
The other EU countries assessed (mostly recent members from the East, but also Sweden) were found not to meet the conditions for membership.
The other EU countries assessed (mostly recent members from the East, but also Sweden) were found not to meet the conditions for membership.
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