Euro Adoption To Remain Policy Focus

September 2007
Emerging Europe Monitor: Central Europe & Baltic States;Sep2007, Vol. 14 Issue 9, p8
Country Report
Country Report
The article reports on the positive foreign currency issuer default rating (IDR) of Slovakia by ratings agency Fitch. Fitch has raised the country's IDR outlook from stable to positive due to the expectation that it would adopt the euro in January 2009. The rating is also attributed to the stable inflation profile of the country and improving fiscal outlook. The positive outlook is given inspite an ECBO memo which revealed that the country would not be automatically granted eurozone membership. The economic outlook of the country is discussed.


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