New Countries Joining Euro

I've read that in 2004 some countries are eligible to join the Euro...
Does anyone know if any countries will adopt the currency in January 2004?
Or will that be later in the year?

Also does anyone know who's joining?

So far I've heard Yugoslavia can reapply in 2004. Poland is joining, and
some of the baltics. But I'm not entirely sure which countries.

Colleen

R. Upton wrote:

I've read that in 2004 some countries are eligible to join the Euro...
Does anyone know if any countries will adopt the currency in January 2004?
Or will that be later in the year?

Ten countries will join the European Union on 1-May-2004. Until then,
they are only partly involved; for example, the ten are already
represented in the European Parliament but their MEPs currently have an
observer status. Their governments take part in European Council
meetings, are involved in the discussion of the draft EU constitution
and so on. But officially they will not join the EU until May 1.

Also does anyone know who's joining?

Cyprus, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Malta,
Poland, Slovakia and Slovenia.

Note, however, that joining the EU is _not_ the same as adopting the
euro. A country that plans to join the currency union has to meet
various criteria. For example, it has to participate in the Exchange
Rate Mechanism (ERM-II) for at least two years. So don't expect any of
those ten new member states to introduce the euro before, say, 2006.

So far I've heard Yugoslavia can reapply in 2004.

Yugoslavia as such does not exist any more; the country is now
officially called "Serbia and Montenegro". No idea if/when it joins the
European Union, though.

Christian

In message , R. Upton
writes
I've read that in 2004 some countries are eligible to join the Euro...
Does anyone know if any countries will adopt the currency in January 2004?
Or will that be later in the year?

Well, they're not joining the EU until May 1st anyway, but they have to
be in the ERM for a few years before they're eligible to join the euro,
so don't expect any of them to switch until 2007-2010 depending on local
conditions.

Also does anyone know who's joining?

Estonia, Latvia, Lithuania, Poland, Czech Republic, Slovakia, Hungary,
Slovenia, Malta, and Cyprus.

So far I've heard Yugoslavia can reapply in 2004. Poland is joining, and
some of the baltics. But I'm not entirely sure which countries.

--
Arwel Parry
http://www.cartref.demon.co.uk/

Arwel Parry wrote:

In message , R. Upton
writes
I've read that in 2004 some countries are eligible to join the Euro...
Does anyone know if any countries will adopt the currency in January 2004?
Or will that be later in the year?

Well, they're not joining the EU until May 1st anyway, but they have to
be in the ERM for a few years before they're eligible to join the euro,
so don't expect any of them to switch until 2007-2010 depending on local
conditions.

Also does anyone know who's joining?

Estonia, Latvia, Lithuania, Poland, Czech Republic, Slovakia, Hungary,
Slovenia, Malta, and Cyprus.

Don't some of these countries already use the Euro (carried over from
using the pre-Euro Deutschemark), even though they don't actually issue
Euro coins and banknotes?

--
___________________________________________ ____ _______________
Regards, | |\ ____
| | | | |\
Michael G. Koerner May they | | | | | | rise again!
Appleton, Wisconsin USA | | | | | |
___________________________________________ | | | | | | _______________

What about the Duchy of Grand Fenwick?
Tom DeLorey
..
Subject: New Countries Joining Euro
From: Arwel Parry
Date: 11/2/2003 5:13 PM Central Standard Time
Message-id:

In message , R. Upton
writes
I've read that in 2004 some countries are eligible to join the Euro...
Does anyone know if any countries will adopt the currency in January 2004?
Or will that be later in the year?

Well, they're not joining the EU until May 1st anyway, but they have to
be in the ERM for a few years before they're eligible to join the euro,
so don't expect any of them to switch until 2007-2010 depending on local
conditions.

Also does anyone know who's joining?

Estonia, Latvia, Lithuania, Poland, Czech Republic, Slovakia, Hungary,
Slovenia, Malta, and Cyprus.

So far I've heard Yugoslavia can reapply in 2004. Poland is joining, and
some of the baltics. But I'm not entirely sure which countries.

--
Arwel Parry
http://www.cartref.demon.co.uk/

In message , Michael G. Koerner
writes
Arwel Parry wrote:

In message , R. Upton
writes
I've read that in 2004 some countries are eligible to join the Euro...
Does anyone know if any countries will adopt the currency in January 2004?
Or will that be later in the year?

Well, they're not joining the EU until May 1st anyway, but they have to
be in the ERM for a few years before they're eligible to join the euro,
so don't expect any of them to switch until 2007-2010 depending on local
conditions.

Also does anyone know who's joining?

Estonia, Latvia, Lithuania, Poland, Czech Republic, Slovakia, Hungary,
Slovenia, Malta, and Cyprus.

Don't some of these countries already use the Euro (carried over from
using the pre-Euro Deutschemark), even though they don't actually issue
Euro coins and banknotes?

No. Some of them, e.g. Estonian Kroon, Lithuanian Litas, have their
value tied to the euro, previously the DM, but they don't actually use
the euro yet. The only places which use it as you describe are
Montenegro and Kosovo.

--
Arwel Parry
http://www.cartref.demon.co.uk/

"Arwel Parry" wrote in message
No. Some of them, e.g. Estonian Kroon, Lithuanian Litas, have their
value tied to the euro, previously the DM, but they don't actually use
the euro yet. The only places which use it as you describe are
Montenegro and Kosovo.

--
Arwel Parry
http://www.cartref.demon.co.uk/

Bosnia Herzogovina is also using a "convertabla Marka"(sp?) which was
adopted after using the German Mark for many years. Is Montenegro using DM
denominated currency? I know they are still tied to Serbia in a federation,
though the country recently changed it's name from the oxymoronic
"Yugoslavia" to the more appropriate Serbia and Montenegro.

Dave


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On 03 Nov 2003 06:16:58 GMT, nowspam (TomDeLorey)
wrote:

What about the Duchy of Grand Fenwick?

They switched over as well, after much debate, to be sure!

Their E2 piece has a bottle of Pinot in a wreath design. The E1
depicts the ruler on the Ducal Bicycle.

Happily, they didn't fall prey to inscribing "Two Euros" on the
national side the way so many other countries have!

Padraic.

la cieurgeourea provoer mal trasfu
ast meiyoer ke 'l andrext ben trasfu.

Michael G. Koerner wrote:

Don't some of these countries already use the Euro (carried over from
using the pre-Euro Deutschemark), even though they don't actually issue
Euro coins and banknotes?

Sort of. Estonia and Lithuania, for example, have some kind of currency
board arrangement. They have their own currencies (the Estonian kroon,
formerly "tied" to the DEM, and the Lithuanian litas, formerly "tied" to
the USD) but issue their own coins and notes.

There are also some "third countries" and areas which either have
similar currency boards or even use the euro without being part of the
EU or Euroland: Andorra, Bosnia, Bulgaria, Kosovo, Montenegro ...

Christian

"Padraic Brown" wrote in message
What about the Duchy of Grand Fenwick?

They switched over as well, after much debate, to be sure!

Their E2 piece has a bottle of Pinot in a wreath design. The E1
depicts the ruler on the Ducal Bicycle.

Happily, they didn't fall prey to inscribing "Two Euros" on the
national side the way so many other countries have!

Padraic.

You would think they would still be using dollars after all the rich payouts
from Uncle Sam.
They really need to refilm that movie again, but this time it is the
Republic of Iraq.

Dave


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