The Euro: Safe Haven

Cardais, S. Adam
January 2009
Transitions Online;1/19/2009, p5
The article reports on the level of adoption of the euro currency in European Union (EU) countries in the midst of the global financial crisis. It states the move of several European countries to think about their plans to adopt the euro currency as they are carefully examining the current economic situation. It notes that aspirants cannot have annual inflation more than 1.5% above the average of the three lowest inflation rates of EU members.


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