Tags: EU | Joining The Euro

Report: No Countries Ready to Join Euro, Despite Progress

Tuesday, 07 June 2016 09:22 AM EDT

FRANKFURT, Germany (AP) — The European Central Bank says seven countries in the European Union fulfill most of the requirements for joining the bloc's common currency, the euro — but none has met all of the standards.

The ECB said Tuesday in a review that many of the countries have made progress when it comes to limiting inflation and budget deficits.

But none meets all the tough requirements for joining the EU's 19-country shared currency, which has been shaken by a debt crisis that raised concerns about its economic foundations.

The review assessed Bulgaria, the Czech Republic, Croatia, Hungary, Poland, Romania and Sweden.

In principle, they committed to join the euro simply by becoming members of the EU. In practice, all are years away, and one, Sweden, rejected membership in a 2003 referendum.

© Copyright 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Europe
The European Central Bank says seven countries in the European Union fulfill most of the requirements for joining the bloc's common currency, the euro - but none has met all of the standards.The ECB said Tuesday in a review that many of the countries have made progress when...
EU,Joining The Euro
131
2016-22-07
Tuesday, 07 June 2016 09:22 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved