Among new EU members, enthusiasm for the euro cools

mkpdavies · 06-12-2004, 03:09 AM

http://www.iht.com/articles/2004/12/...iness/yeu.html

Quote:

It is not just that the new arrivals are recognizing their shortcomings. Some Central Europeans see no appeal in shackling their fast-growing economies to the lumbering giants of Western Europe. A strong euro may give Europeans bragging rights, but it has also hobbled their exports - a fact not lost on the new members, with their export-driven economies.

Even some longtime EU members have doubts about the euro. Sweden voted last year not to adopt the currency, mostly out of fears of losing control over its economic policy, while Britain and Denmark have opted out.

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