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Byline: Zdenek Tuma
Apr. 2--NATIONS SET TO ENTER EU TAKE STEPS TO ADOPT EURO: The upcoming enlargement of the European Union in May is a major focus not only for governments in the acceding countries, but also for their central banks. Upon entry, they will become members of the European Central Bank, which means that the new members are expected to take active steps toward fulfilling the necessary conditions for future admission into the eurozone.
Even though actual enlargement of the eurozone remains in the relatively distant future -- the earliest possible date being January 2007 -- the accession countries must prepare their entry strategies well in advance. This is why in most accession countries last year, central banks and governments stepped up co-operation on defining joint positions on adopting the euro.
Similarly, there were intense debates within the EU, culminating with ...
Source: HighBeam Research, Bangkok Post, Thailand, Guest Column.