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GMF: Eastern Europe ready for euro?

Author: Robin Shepherd
August 3, 2006

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A report from the German Marshall Fund of the United States warning that new entrants to European Union risk damaging their economies if they continue to move rapidly to join the euro common currency system. The report argues that as most of the new entrants are former Eastern Block countries with relatively high emerging economy growth rates, joining a system geared to managing slower growth mature economies represents an acute risk to economic health.

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