no further eurozone expansion seen in next few years
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

No further eurozone expansion seen 'in next few years'

Arab Today, arab today

Arab Today, arab today No further eurozone expansion seen 'in next few years'

Out of the 28 EU member states
Frankfurt - AFP

The eurozone is not expected to welcome any new members in the coming years, as the region's long crisis seems to have put some countries off, deputy European Commission chief said in a newspaper interview Monday.

"No new members are expected to join in the next few years," Valdis Dombrovskis told the daily Die Welt.

Dombrovskis is the EU Commissioner in charge of the euro and social dialogue.

Out of the 28 EU member states, 19 have signed up to the single currency.

"Before a country joins the euro, it must have a fixed exchange rate to the euro. This mechanism is the waiting room for eurozone membership," Dombrovskis said.

But at the moment, no EU member is in the "euro waiting room", with the exception of Denmark, which has a special status, he said.

Dombrovskis said that Bulgaria and Romania had both expressed interest in taking the first step to joining the euro.

And preliminary talks have also been held with the previous government in Poland.

"But it may be the case that the new government in Warsaw is somewhat more reserved," Dombrovskis said.

"Initially, joining the euro seemed attractive to the new EU members. But the euro crisis changed this. And the Greek crisis all the more so," he said.

The last countries to join the euro were Latvia in 2014 and Lithuania in 2015.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

no further eurozone expansion seen in next few years no further eurozone expansion seen in next few years

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

no further eurozone expansion seen in next few years no further eurozone expansion seen in next few years

 



GMT 15:18 2017 Wednesday ,27 September

Kuwait keen on developing ALECSO's capabilities

GMT 08:33 2017 Thursday ,27 April

HM King receives HRH Premier and his granddaughter

GMT 23:05 2018 Monday ,22 January

CSB holds consultative meeting with officials

GMT 11:23 2017 Thursday ,21 December

Modern colorful bedroom renovation

GMT 10:56 2016 Thursday ,14 April

Fangio tops researchers' F1 chart, but no Lauda

GMT 23:22 2017 Tuesday ,19 September

Russia plays up role as peacemaker, donor in Syria

GMT 02:42 2016 Monday ,07 November

Saudi King receives Chinese president's special envoy

GMT 21:12 2017 Monday ,02 October

Thunder, lightning cannot stop Sharks in Currie Cup
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday