Slovakia is hoping to adopt the euro in January 2009, according to a new draft budget presented on Tuesday (17 August).
The draft budget for 2005-2007, which was presented by Slovak Finance Minister Ivan Miklos, cuts the public finance deficit to 3.8 percent of gross domestic product (GDP).
To meet the Maastricht criteria for jointing the euro, public fiscal deficit must be below 3 per cent of GDP.
This hurdle is seen as the most difficult condition to meet for ex-communist...
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Lisbeth founded EUobserver in 2000 and is responsible to the Board for effective strategic leadership, planning and performance. After graduating from the Danish School of Media and Journalism, she worked as a journalist, analyst, and editor for Danish media.