European banks call for delay in introduction of euro in future EU members
The European Banking Federation (EBF) has called on the EU to impose longer transition periods to prepare the candidate countries for membership of the eurozone. In a paper, released on 4 February, the EBF warned that a rapid enlargement of the eurozone would be at the expense of real convergence and economic growth in the new Member States.
The European Banking Federation (EBF) has called on the EU to impose longer transition periods to prepare the candidate countries for membership of the eurozone. In a paper, released on 4 February, the EBF warned that a rapid enlargement of the eurozone would be at the expense of real convergence and economic growth in the new Member States.
