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Factbox-Six EU countries not ready to adopt euro currency -Commission -Breaking

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© Reuters. FILE PHOTO: Euro forex payments are pictured on the Croatian Nationwide Financial institution in Zagreb, Croatia, Might 21, 2019. REUTERS/Antonio Bronic

BRUSSELS (Reuters) – Six of the seven EU nations outdoors the euro zone are nonetheless not prepared to affix, the European Fee stated in a report on Wednesday, with solely Croatia assembly all the standards to start out utilizing the EU forex from 2023.

Beneath are key components of the evaluation of the opposite nations in line with EU standards. [L8N2XO2GW]

BULGARIA

The nation’s central financial institution legal guidelines should not suitable with euro zone laws on the European Central Financial institution and Bulgaria’s inflation is simply too excessive. It does, nonetheless, meet the necessities on public funds, trade price and the convergence of long-term rates of interest.

CZECH REPUBLIC

The nation’s central financial institution legal guidelines should not suitable with euro zone laws on the European Central Financial institution, its inflation is simply too excessive and it doesn’t meet the trade price requirement. Nevertheless it does meet the standards for public funds and long-term rates of interest.

HUNGARY

The nation’s central financial institution legal guidelines should not suitable with euro zone laws on the European Central Financial institution, its inflation is simply too excessive and it doesn’t meet the trade price requirement. It does fulfil the criterion on public funds and long-term rates of interest.

POLAND

The nation’s central financial institution legal guidelines should not suitable with euro zone laws on the European Central Financial institution, its inflation is simply too excessive and it doesn’t meet the trade price requirement or on the convergence of long-term rates of interest. It meets solely the criterion on public funds.

ROMANIA

The nation doesn’t meet any of the standards.

SWEDEN

Sweden’s central financial institution legal guidelines should not suitable with euro zone laws on the European Central Financial institution and it doesn’t move the trade price take a look at. It meets all the opposite standards.

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