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Dik T. Winter wrote:
The current policy is that the euro will be adopted (so, no new Danmark, Sweden or UK), but a time-frame is lacking. Basically right, except that Sweden legally did not have the option to stay but simply chose to not meet the conditions ;-) Theoretically that may happen in the case of some of the new member states as well, but it is less likely. The only new country for which I read about a definite year was Malta, where the intended year of 2005 was changed to 2006. Well, the time frame largely depends on the economic development in those countries. But the currencies of Denmark, Estonia, Lithuania and Slovenia are members of the Exchange Rate Mechanism (ERM-2) along with the euro, with the Danish krone being more closely tied to the euro (2.25 percent fluctuation band, I think) than the kroon, the litas and the tolar (15 percent) ... Christian |
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