HomeForex UpdatesFactbox-Six EU international locations not able to undertake euro foreign money -Fee...

Factbox-Six EU international locations not able to undertake euro foreign money -Fee By Reuters


FILE PHOTO: Euro foreign money payments are pictured on the Croatian Nationwide Financial institution in Zagreb, Croatia, Could 21, 2019. REUTERS/Antonio Bronic

BRUSSELS (Reuters) – Six of the seven EU international locations outdoors the euro zone are nonetheless not prepared to affix, the European Fee mentioned in a report on Wednesday, with solely Croatia assembly all the standards to start out utilizing the EU foreign money from 2023.

Under are key parts of the evaluation of the opposite international locations based on EU standards. [L8N2XO2GW]

BULGARIA

The nation’s central financial institution legal guidelines usually are not suitable with euro zone laws on the European Central Financial institution and Bulgaria’s inflation is just too excessive. It does, nevertheless, meet the necessities on public funds, alternate price and the convergence of long-term rates of interest.

CZECH REPUBLIC

The nation’s central financial institution legal guidelines usually are not suitable with euro zone laws on the European Central Financial institution, its inflation is just too excessive and it doesn’t meet the alternate price requirement. However it does meet the standards for public funds and long-term rates of interest.

HUNGARY

The nation’s central financial institution legal guidelines usually are not suitable with euro zone laws on the European Central Financial institution, its inflation is just too excessive and it doesn’t meet the alternate price requirement. It does fulfil the criterion on public funds and long-term rates of interest.

POLAND

The nation’s central financial institution legal guidelines usually are not suitable with euro zone laws on the European Central Financial institution, its inflation is just too excessive and it doesn’t meet the alternate price requirement or on the convergence of long-term rates of interest. It meets solely the criterion on public funds.

ROMANIA

The nation doesn’t meet any of the standards.

SWEDEN

Sweden’s central financial institution legal guidelines usually are not suitable with euro zone laws on the European Central Financial institution and it doesn’t move the alternate price take a look at. It meets all the opposite standards.

 

 

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