150px|Slovakia, a Central European country of 5.4 million, is set to adopt the common European currency in 2009 Slovakia is on track to meet its target of adopting the euro currency in 2009, claims Joaquín Almunia , the European Union's Monetary Affairs Commissioner. 200px|1 euro coin Slovakia joined the European Union last year along with other Central European, Baltic and Mediterranean states. The growth rate of its GDP has been one of the highest in the European Union, recording 5.5\% growth in 2004. Almunia said that authorities should use this growth to curb the country's relatively high budget deficit, a necessary prerequisite for joining the euro zone. Before a country adopts the euro currency, it must dwell in the European Exchange Rate Mechanism II for two years, where its exchange rate relative to the euro, as well as its budget deficit and inflation, are closely monitored. For Slovakia to adopt the euro in 2009, it must join ERM II in 2007. Three new members, Slovenia, Estonia and Lithuania ,  have already joined ERM II and are on track to adopt the euro in 2006-2007. Category:Slovakia  Category:European Union Category:Economy and business Category:Published
150px|Slovakia, a Central European country of 5.4 million, is set to adopt the common European currency in 2009 Slovakia is on track to meet its target of adopting the currency in 2009, claims , the European Union's Monetary Affairs Commissioner. Slovakia joined the European Union last year along with other , , and states. The of its has been one of the highest in the European Union, recording 5.5\% growth in 2004. Almunia said that authorities should use this growth to curb the country's relatively high budget deficit, a necessary prerequisite for joining the euro zone. Before a country adopts the euro currency, it must dwell in the for two years, where its exchange rate relative to the euro, as well as its budget deficit and inflation, are closely monitored. For Slovakia to adopt the euro in 2009, it must join ERM II in 2007. Three new members, , , and , have already joined ERM II and are on track to adopt the euro in 2006–2007. Category:Slovakia Category:Europe Category:European Union Category:Economy and business Category:Published
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euro
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Joaquín Almunia
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Central European, Baltic and Mediterranean
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growth rate of its GDP
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European Exchange Rate Mechanism II
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Slovenia, Estonia and Lithuania
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Category:Europe