Which state enters the Eurozone next?
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  Which state enters the Eurozone next?
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Author Topic: Which state enters the Eurozone next?  (Read 5559 times)
justfollowingtheelections
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« on: January 31, 2009, 02:53:26 AM »



The Eurozone is blue.  So whose turn is it?

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dead0man
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« Reply #1 on: January 31, 2009, 02:59:57 AM »

Estonia
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Lunar
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« Reply #2 on: January 31, 2009, 03:32:01 AM »
« Edited: January 31, 2009, 03:33:58 AM by Lunar »

Iceland, duh



what a silly question sir

Possibly the UK after.  I have no knowledge of Estonia but I expect Iceland to get rid of its own currency ASAP
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Јas
Jas
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« Reply #3 on: January 31, 2009, 07:30:51 AM »

Most likely to be one of Estonia, Denmark or Iceland.

Estonia is on the most 'normal' path - currently looking at a 2011 joining date.

Denmark have no problems currency wise. I understand a referendum on euro membership is likely in the next year or two. I don't know how the referendum will play though.

Iceland have been told that EU membership is a precondition, as far as the Commission is concerned, for euro membership. Presuming this to be true, the length of accession depends almost entirely on whether Iceland can accept the Common Fisheries Policy and all that entails. That could drag things out. They could attempt a unilateral euro adoption, but I've not seen anything much to suggest such a move so far.

It's unlikely any of the other countries could join by 2011. Most should manage it by 2014-15.
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Јas
Jas
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« Reply #4 on: January 31, 2009, 07:33:56 AM »


What makes you think the UK is likely to adopt the euro any time soon?
Persoanally, if the UK joins the euro within the next decade I'd be fairly surprised.
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dead0man
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« Reply #5 on: January 31, 2009, 07:37:13 AM »

I'd be shocked if it ever adopts it.
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Silent Hunter
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« Reply #6 on: January 31, 2009, 07:57:54 AM »

Estonia, I'd say.

The UK is very unlikely to join in the near future.
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k-onmmunist
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« Reply #7 on: January 31, 2009, 09:43:57 AM »

I doubt the UK will join it within the next 20 years... or ever for that matter.
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True Federalist (진정한 연방 주의자)
Ernest
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« Reply #8 on: January 31, 2009, 02:47:08 PM »

Iceland, duh

Possibly the UK after.

Frankly I would think it likelier that Germany leaves the Eurozone in the next decade than the UK joins it.
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2952-0-0
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« Reply #9 on: January 31, 2009, 07:29:06 PM »

If any of the Baltic states are forced to devalue their currencies (all are pegged to the Euro), then you can count them out for the next 10 years.
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afleitch
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« Reply #10 on: January 31, 2009, 07:44:13 PM »

Voice of Alex Salmond; 'An independent Scotland'
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Hyperfast
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« Reply #11 on: January 31, 2009, 11:48:08 PM »

Lithuania or Estonia
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The Mikado
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« Reply #12 on: January 31, 2009, 11:53:46 PM »

I've been counting on the Danes for a while on this front.

That being said, the Czech Republic would make the map look prettier.  (But then, so would giving Kaliningrad to Lithuania...I'm a sucker for impractical aesthetics)
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Lunar
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« Reply #13 on: February 01, 2009, 05:14:48 AM »

Iceland, duh

Possibly the UK after.

Frankly I would think it likelier that Germany leaves the Eurozone in the next decade than the UK joins it.

I remember in passing hearing something about the UK considering adopting the Euro as part of its reaction to the financial crisis (a lesser version of Iceland) but perhaps it was mere speculation
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Bono
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« Reply #14 on: February 01, 2009, 06:10:16 AM »

Iceland, duh

Possibly the UK after.

Frankly I would think it likelier that Germany leaves the Eurozone in the next decade than the UK joins it.

I remember in passing hearing something about the UK considering adopting the Euro as part of its reaction to the financial crisis (a lesser version of Iceland) but perhaps it was mere speculation

If that happened, Labour would be wiped out.
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justfollowingtheelections
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« Reply #15 on: February 01, 2009, 11:05:09 AM »

Does Iceland even fulfill the entrance criteria?
Those Baltic nations keep setting a target date and they always miss it.  If Estonia is still on track by September, they will probably be the next to join, but we'll see if that is the case.
Denmark sounds like a good pick to me.
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minionofmidas
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« Reply #16 on: February 01, 2009, 12:15:41 PM »

Does Iceland even fulfill the entrance criteria?
Did Kosovo and Montenegro?
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Verily
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« Reply #17 on: February 01, 2009, 12:17:28 PM »

Does Iceland even fulfill the entrance criteria?
Those Baltic nations keep setting a target date and they always miss it.  If Estonia is still on track by September, they will probably be the next to join, but we'll see if that is the case.
Denmark sounds like a good pick to me.

The EU has already stated that they will allow Iceland to fast-track into the EU and join with Croatia in 2011. Whether Iceland meets inflation standards for Eurozone membership is a slightly different issue (and they might despite the collapse), but, given the EU's willingness to waive time limits for Iceland to accede as quickly as possible, they might be willing to waive inflation requirements, too.

Kosovo and Montenegro unilaterally took up the Euro and are not part of the Eurozone, formally.
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Bono
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« Reply #18 on: February 01, 2009, 12:21:17 PM »


Kosovo and Montenegro aren't part of the Eurozone though, they just decided to use the Euro.
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minionofmidas
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« Reply #19 on: February 01, 2009, 12:50:23 PM »

Kosovo and Montenegro unilaterally took up the Euro and are not part of the Eurozone, formally.
I know. Wink
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justfollowingtheelections
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« Reply #20 on: February 01, 2009, 06:48:22 PM »


When did Kosovo and Montenegro enter the Eurozone?
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Joe Republic
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« Reply #21 on: February 01, 2009, 06:52:46 PM »


When did Kosovo and Montenegro enter the Eurozone?

2002, when the Deutsche Mark was replaced.
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justfollowingtheelections
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« Reply #22 on: February 01, 2009, 06:56:43 PM »


When did Kosovo and Montenegro enter the Eurozone?

2002, when the Deutsche Mark was replaced.


and El Salvador is the 51st state.


Like the others said above, Kosovo and Montenegro are not members of the Eurozone.
As for imnotverin, why did you ask a stupid question if you already knew the answer?
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Joe Republic
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« Reply #23 on: February 01, 2009, 07:08:35 PM »

Like the others said above, Kosovo and Montenegro are not members of the Eurozone.

Not formally, no, but they are in effect.
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justfollowingtheelections
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« Reply #24 on: February 01, 2009, 07:22:08 PM »

Like the others said above, Kosovo and Montenegro are not members of the Eurozone.

Not formally, no, but they are in effect.

No they're not.  Just because they use the Euro doesn't mean that they are members of the Eurozone.  El Salvador uses the U.S. dollar but they're not a member of the United States.
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