Keep on cutting
Fellow euro-wannabes, the Czech Republic and Hungary, will also aim to adopt the currency in five years time, although their task may be harder, according to a Reuters poll of 41 analysts at banks and institutions across Europe.
Strategists still expect Poland, Hungary and the Czech Republic to meet the budget deficit limit by 2008, with the latter two facing a tougher trial.
Poland has "made more of a commitment to actually start cutting expenditures, more so than the Czech Republic and Hungary," said Debbie Orgill at ABN AMRO.
Slovakia should adopt the euro in 2009 and the smaller economies of Slovenia, Lithuania and Estonia are expected to lead the expansion of the euro bloc in 2007. The poll showed Latvia, Cyprus and Malta joining the euro area in 2008. (Reuters) J.T.
Strategists still expect Poland, Hungary and the Czech Republic to meet the budget deficit limit by 2008, with the latter two facing a tougher trial.
Poland has "made more of a commitment to actually start cutting expenditures, more so than the Czech Republic and Hungary," said Debbie Orgill at ABN AMRO.
Slovakia should adopt the euro in 2009 and the smaller economies of Slovenia, Lithuania and Estonia are expected to lead the expansion of the euro bloc in 2007. The poll showed Latvia, Cyprus and Malta joining the euro area in 2008. (Reuters) J.T.
