Brussels backs Slovakia to join eurozone

The eurozone looks set to embrace its 16th member after the European Commission recommended on the 7th May 2008 that Slovakia should be allowed to join the single currency area in January 2009.

BBC News, 7.5.08: Slovakia given euro green light http://news.bbc.co.uk/1/hi/world/europe/7388802.stm

European Commission: Press Release: IP/08/715: Commission assesses readiness of 10 EU countries to adopt the euro; proposes Slovakia joins euro area in 2009 http://europa.eu/rapid/pressReleasesAction.do?reference=IP/08/715&format=HTML&aged=0&language=EN&guiLanguage=en

ECB: Press Release, 7.5.08: Publication of the ECB Convergence Report 2008 http://www.ecb.int/press/pr/date/2008/html/pr080507.en.html

Website: Slovak Republic: Ministry of Finance http://www.finance.gov.sk/En/Default.aspx

European Commission: DG Economic and Financial Affairs: EU economic situation: Slovakia http://ec.europa.eu/economy_finance/eu_economic_situation/member_state8618_en.htm

European Commission: DG Economic and Financial Affairs: Benefits of the euro for Slovakia, May 2008 http://ec.europa.eu/economy_finance/pdfs_files/2008/euro_related/slovakia_benefits_en.pdf

---