East Europe May Inflation Rates Too High For Euro-Zone Entry

Tuesday, June 16, 2009

None of the eastern European candidates to join the euro zone had inflation rates low enough to do so in May, according to figures released Tuesday by European Union statistics agency Eurostat.

Poland and other eastern European members of the European Union have said they want to secure rapid entry into the euro zone as their currencies have come under pressure with the withdrawal of foreign capital in response to the global financial crisis.

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