no further eurozone expansion seen in next few years
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

No further eurozone expansion seen 'in next few years'

Arab Today, arab today

Arab Today, arab today No further eurozone expansion seen 'in next few years'

Out of the 28 EU member states
Frankfurt - AFP

The eurozone is not expected to welcome any new members in the coming years, as the region's long crisis seems to have put some countries off, deputy European Commission chief said in a newspaper interview Monday.

"No new members are expected to join in the next few years," Valdis Dombrovskis told the daily Die Welt.

Dombrovskis is the EU Commissioner in charge of the euro and social dialogue.

Out of the 28 EU member states, 19 have signed up to the single currency.

"Before a country joins the euro, it must have a fixed exchange rate to the euro. This mechanism is the waiting room for eurozone membership," Dombrovskis said.

But at the moment, no EU member is in the "euro waiting room", with the exception of Denmark, which has a special status, he said.

Dombrovskis said that Bulgaria and Romania had both expressed interest in taking the first step to joining the euro.

And preliminary talks have also been held with the previous government in Poland.

"But it may be the case that the new government in Warsaw is somewhat more reserved," Dombrovskis said.

"Initially, joining the euro seemed attractive to the new EU members. But the euro crisis changed this. And the Greek crisis all the more so," he said.

The last countries to join the euro were Latvia in 2014 and Lithuania in 2015.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

no further eurozone expansion seen in next few years no further eurozone expansion seen in next few years

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

no further eurozone expansion seen in next few years no further eurozone expansion seen in next few years

 



GMT 06:28 2017 Saturday ,18 February

Gives priority to security over elections

GMT 17:19 2017 Monday ,06 March

Lebanese pop singer’s song ‘Goal’ banned

GMT 04:30 2017 Saturday ,07 October

Sputnik, the tiny sphere that launched the space race

GMT 05:05 2017 Wednesday ,20 December

Baby panda makes press debut at Japan zoo

GMT 13:01 2012 Thursday ,08 March

Paths of revolution by Sherif Younis

GMT 19:38 2017 Wednesday ,08 November

Iqbal’s Day to be observed with national favour

GMT 13:15 2017 Tuesday ,31 January

Renewables can't deliver Paris climate goals

GMT 20:54 2016 Wednesday ,23 November

Houthis killed 9646 civilians, including 903 children
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday