Slovakia from 1 January 2009 is the sixteenth country to the European Union have adopted the euro.
With an exchange rate of 30.13 crowns per one Euro, Slovakia is the sixteenth Member State to have adopted the euro, and is the fourth country among the new member states that joined in 2004 to have adopted the single currency after the Slovenia, Cyprus and Malta.
Long has been hesitant about the actual entry of Slovakia into the euro zone, as this is currently outside the parameters of Maastricht on inflation (which should be below 1, 5% of the twelve best performing countries), which is currently at 4.7%, according to a survey carried out in November 2008, and part of the European Parliament had asked it to postpone his entry until 2010. The European Commission and the Council of Ministers, however, have approved his entry on 8 July 2008, and Parliament subsequently approved with 519 votes in favor. The European institutions have preferred in this case that earlier, in order to put Slovakia under the protective umbrella of the eurozone, to avoid the risk of small sharp devaluation of the currencies (and also the largest, just look at the situation of British pound) that is occurring in this period of crisis.
order to feel closer to the heart of the new Slovak currency, a survey was done to decide which portrait print. The Slovaks were found to vote in a referendum in ten icons to choose three. Since December 20 we know that the coins of 1, 2 and 5 cents Kriváň bear an effigy of the mountain, the 10, 20 and 50 cents depict the Bratislava Castle and the 1 and 2 euro will bring the classic emblem of Slovakia, patriarchal cross on three hills of the Matra Mountains, Tatra and Fatra.
The population welcomed the entry into the euro zone, according to a recent survey, in fact, 58% appreciate the single currency, even if 65% of Slovaks, however, feared that with the introduction of the euro there is also a price increase, even if the government, led by Social Democratic Fico, has imposed a tight control on prices. In general, however, Slovakia is a country that until now has held up better to the crisis, with an expected GDP growth of 4% in 2009: half the previous year, but certainly much higher than that of many of the other countries of the Euro.
With an exchange rate of 30.13 crowns per one Euro, Slovakia is the sixteenth Member State to have adopted the euro, and is the fourth country among the new member states that joined in 2004 to have adopted the single currency after the Slovenia, Cyprus and Malta.
Long has been hesitant about the actual entry of Slovakia into the euro zone, as this is currently outside the parameters of Maastricht on inflation (which should be below 1, 5% of the twelve best performing countries), which is currently at 4.7%, according to a survey carried out in November 2008, and part of the European Parliament had asked it to postpone his entry until 2010. The European Commission and the Council of Ministers, however, have approved his entry on 8 July 2008, and Parliament subsequently approved with 519 votes in favor. The European institutions have preferred in this case that earlier, in order to put Slovakia under the protective umbrella of the eurozone, to avoid the risk of small sharp devaluation of the currencies (and also the largest, just look at the situation of British pound) that is occurring in this period of crisis.
order to feel closer to the heart of the new Slovak currency, a survey was done to decide which portrait print. The Slovaks were found to vote in a referendum in ten icons to choose three. Since December 20 we know that the coins of 1, 2 and 5 cents Kriváň bear an effigy of the mountain, the 10, 20 and 50 cents depict the Bratislava Castle and the 1 and 2 euro will bring the classic emblem of Slovakia, patriarchal cross on three hills of the Matra Mountains, Tatra and Fatra.
The population welcomed the entry into the euro zone, according to a recent survey, in fact, 58% appreciate the single currency, even if 65% of Slovaks, however, feared that with the introduction of the euro there is also a price increase, even if the government, led by Social Democratic Fico, has imposed a tight control on prices. In general, however, Slovakia is a country that until now has held up better to the crisis, with an expected GDP growth of 4% in 2009: half the previous year, but certainly much higher than that of many of the other countries of the Euro.
Roberto Novelli
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