Slovakia Converts to Euro in 2009, CR Waits

The plan of Slovakia, to convert to Euro in 2009 seemed maybe too ambitious at the beginning, however yesterday news revealed it was quite realistic. European Commission stated they believe Slovakia will hold its growth at reasonable level even after the Euro adoption.

All in all, this suggest the European Ministers of Finance will say ‘yes’ as their final verdict next year. Czech Crown is gaining its value at very good speed, so the Czech Republic doesn’t plan to convert quickly. The ex-presidential candidate Jan Svejnar supposes that Euro adoption in 2012 would work, however the Prime Minister Pavel Topolanek stated that the idea of adopting the Euro in 2012 is unreal.