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"We are not prepared to change the rules halfway through the game," Austrian finance minister Karl-Heinz Grasser said (Photo: European Commission)

Don't touch euro entry rules, say EU finance ministers

EU finance ministers have rubber stamped the European Commission's proposal to let Slovenia join the eurozone in 2007 and keep Lithuania out for now, at a meeting in Luxembourg on Wednesday (7 June).

During the discussion on euro bids by the first two of the ten "new" member states that are obliged to enter the single currency, several countries criticised the way in which inflation is calculated by the EU executive and European Central Bank (ECB).

Both institutions argued Vilnius...

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"We are not prepared to change the rules halfway through the game," Austrian finance minister Karl-Heinz Grasser said (Photo: European Commission)

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