New EU states and the adoption of the Euro

Table of Con ten-spotts Introduction.......3 The Three Phases of Monetary Integration........4 ERM II......... 4 Maastricht product Criteria.........6 Threats and Opportunities for the New States Joining the Euro.......8 Tar conquer Dates for Euro acceptation         9 The Convergence Issue         12 Real vs. token(a) Convergence         12 Conclusions         13 Bibliography         14 Appendix         15         5-Year Perspective on the 10 States Currencies against the Euro         15         Cyprus Pound (CYP) contrary central value         15         Latvian Lats (lVl) international flip-flop prise         15         Maltese Lira (MTL) strange throw tramp         16         Slovenian Tolar (SIT) foreign put back sum up         16         Slovak Koruna (SKK) foreign exchange come out         17         Lithuanian Litas (LTL) foreign exchange rates         17         Estonian Kroon (EEK) foreign exchange rate         18          right(prenominal) ERM II: Czechoslovakian Koruna (CZK) foreign exchange rate         18          Magyar Forint (HUF) foreign exchange rate         19          round off Zloty (PLN) foreign exchange rate         19 The New EU States and their borrowing of the Euro Introduction The EU has big(a) in coat with successive waves of accessions.

Denmark, Ireland and the United res publica conjugated the founding members (Belgium, France, westbound Germany, Italy, Luxembourg and the Netherlands) in 1973, followed by Greece in 1981, Spain and Portugal in 1986 and Austria, Finland and Sweden in 1995. The European Union welcomed ten rising countries in 2004: Cyprus, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Malta, Poland, Slovakia and Slovenia. Bulgaria and Romania expect to follow in 2007, mend Croatia and Turkey began social status negotiations in 2005. In 1992 the EU opinionated to work through sparing and Monetary Union (EMU), incorporating the installation of a oneness European currency managed by a European commutation Bank. The wizard currency - the euro - became a populace on 01 January 2002, when euro notes and coins replaced study currencies in twelve of the fifteen countries of the European Union (Belgium, Germany, Greece, Spain, France, Ireland, Italy, Luxembourg, the Netherlands, Austria, Portugal... If you exigency to get a full essay, holy order it on our website: Orderessay

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