Slovakia has joined EMU and has adopted Euro as its currency. It has given up its monetary policy tasks to ECB as well. Hence, EMU is now a 16 member club.
For the uninitiated, this event isn’t a surprise and had been announced well in advance. What is still a question is how many non-members join Euro as well?
January 2, 2009 at 3:27 pm
I am one of them, I did not know about this;
However, as per your knowledge do we have any country with a “euro-zation” akin to “dollarization” adopting the euro as their currency unofficialy?
April 22, 2009 at 5:04 pm
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