Which state enters the Eurozone next? (user search)
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  Which state enters the Eurozone next? (search mode)
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Author Topic: Which state enters the Eurozone next?  (Read 5600 times)
justfollowingtheelections
unempprof
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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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justfollowingtheelections
unempprof
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« Reply #1 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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justfollowingtheelections
unempprof
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« Reply #2 on: February 01, 2009, 06:48:22 PM »


When did Kosovo and Montenegro enter the Eurozone?
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justfollowingtheelections
unempprof
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« Reply #3 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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justfollowingtheelections
unempprof
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« Reply #4 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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justfollowingtheelections
unempprof
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« Reply #5 on: February 01, 2009, 07:30:53 PM »

No they're not.  Just because they use the Euro doesn't mean that they are members of the Eurozone.

They have adopted the Euro as their sole currency, which means that in an informal capacity they are part of the Eurozone; in that they are subject to the decisions of the ECB monetary policy but have no influence in it, being non-members of the EU.  It's unilateral of course, but it seems to be a comfortable arrangement.

El Salvador uses the U.S. dollar but they're not a member of the United States.

They don't have to be, of course.  Any country can use it if they want to.

My point is that Kosovo using the Euro is no different than El Salvador using the dollar.
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justfollowingtheelections
unempprof
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« Reply #6 on: February 01, 2009, 07:39:14 PM »

I understood your point.  I have already iterated that Kosovo and Montenegro are not formal members of the Eurozone, but given that were granted permission and encouraged to use the DM before the Euro replaced it, they were kind of swept into it regardless of how the ECB may feel.

The El Salvador comparison is a valid one, but not very relevant.

Anyway, this is a bit of a pointless tangent.

I know, I was just trying to clarify what I meant when I asked my initial question.
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justfollowingtheelections
unempprof
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« Reply #7 on: February 02, 2009, 05:55:55 PM »

Slightly OT - with Denmark and Iceland likely joining soon, how does this effect:

Sweden's likelihood of a new Euro referendum and
Norway's likelihood of going it alone (well, with Switzerland) in the EFTA for much longer.

Probably not much.  But it won't be so easy for Iceland to join.
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