Estonia has announced that it will postpone the adoption of the euro by a year, setting itself January 2008 as its new target date.
"Our new euro day is now January 1, 2008," said Estonian prime minister Andrus Ansip.
"In view of the developments concerning inflation, January 1 2007 has become unrealistic as a date to join the eurozone," the Estonian government said in a statement.
"It has been decided to continue with the necessary technical preparations to adopt the euro...
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