The Baltic republic of Estonia, a country of 1.3 million people, is on course to adopt the euro in January 2011, the European Commission says. The recommendation still requires the approval of all 27 EU member states, 16 of which are in the eurozone. The Commission assessed the potential of nine EU countries to adopt the euro, and found that "Estonia stands out... fulfilling the criteria clearly". Crucially, Estonia's public finances were found to be in a healthy state. The other eight countries included much bigger ex-communist neighbours in Eastern Europe, such as Poland and Hungary.
The above article was extracted from Skyline updates of Skyline College. Skyline College is amongst the top MBA and BBA institutes in Delhi, Gurgaon (NCR).
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment