View Full Version : Currency "Push" Pays Off As Slovakia Joins the Euro

Friday, January 2nd, 2009, 03:49 PM
Currency "push" pays off as Slovakia joins the Euro

The Scotsman. 01 January 2009

By Karel Janicek

SLOVAKIA becomes the 16th country to adopt the euro today.

With Slovakia adding its population of 5.4 million , the currency will be used by 330 million people with an annual gross domestic product of more than 4 trillion euros.

The neighbouring Czechs once sneered at Slovakia's push to join the euro quickly.:D?? The mountainous country will be the poorest euro member, behind Portugal with 71 per cent of the EU's average gross domestic product per capita.

But it is already seeing benefits. Its crown is the only currency in the region that has not weakened since its exchange rate was locked at 30.126 per euro in July. Poland's zloty lost 30 per cent against the euro.
The Czech crown is down 12 per cent.

Prime Minister Robert Fico said joining was "the continuation of a success story that began with the entry into the European Union" in 2004.

================== ??

The Euro on its way ... seals Germany's future ?:-O


...who knows?

Friday, January 2nd, 2009, 04:19 PM
Annnddddd....... the Globalist push picks up pace. They've grown tired of waiting for those 'rogue' states who haven't yet thrown their lot in with the Euro to do so. Decisive action is required - manipulate the inter-European economy to make the Euro appear the only solution for all our troubles. Sickening.

Within months (surely whilst Labour are still in office) it'll be all over the British media that we MUST adopt the Euro before it is too late. We Brits, as downtrodden victims of the recession, will beg for it - never realising what we'll have truly sacrificed for our short-term alleviation.

Friday, January 2nd, 2009, 05:23 PM
--- the tories have already said that they will NOT join.... whatever the cost(?)

They are not alone in such a message. Labour too are not that keen to join. Which is why I am so interested in German reaction.... could it be that they are happy with the arrangement? - there seems no real evidence of rebellion there !