Slovak finmin, cbank: EU fcasts open door for euro

Reuters 28.4.2008

BRATISLAVA, April 28 (Reuters) - The European Commission's inflation forecasts confirm Slovakia can meet the criterion to adopt the euro next year,...

...Slovak Finance Minister Jan Pociatek and central bank board member Peter Sevcovic said on Monday.

"The European Commission forecasts confirm we are able to meet the inflation criterion in a sustainable way," Pociatek told reporters, referring a key area of concern from the Commission's over Slovakia's euro zone entry bid.

The Commission, the EU's executive arm, forecast that Slovak inflation would peak in the third quarter next year and fall in 2009, boding well for the EU newcomer's euro zone entry bid.

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