Re: Inflation likely to delay Estonia and Latvia from joining eurozone




Eugene Holman wrote:
In article <1144573374.094025.263730@xxxxxxxxxxxxxxxxxxxxxxxxxxxx>,
lorad474@xxxxxx wrote:

Eugene Holman wrote:
Delays likely for Estonia and Latvia on euro
Bloomberg News, Reuters
WEDNESDAY, FEBRUARY 1, 2006

BRUSSELS High inflation rates in Estonia and Latvia are likely to delay
their planned adoption of the euro, but Slovenia meets all the criteria to
join the euro zone from next year, the European Commission said Wednesday.

Finally you bring good news, holeman; xoposho.

It is not good news if Baltic economies are plagued by inflation that is
twice the EU norm. I want to have Estonian, Latvian, and Lithuanian euros
in my pocket as soon as possible.

Sad or good but you can't run economy with salaries up by 11-12% every
year without inflation.

.



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