Slovakia prepares to say goodbye to its crown

The European Commission yesterday delivered a favourable economic outlook on the progress of the inflation rate in Slovakia. This is a decisive step forward on the country's path to the introduction of the euro in 2009. Ivan Štulajter reflects: "One can predict with relative certainty that Slovakia will master the transition to euro reality fairly comfortably. This is firstly because it dealt quite capably with the turbulent collapse of the monetary union with the Czech Republic in 1993 and introduced its own currency, secondly because it can draw on many experiences since the introduction of the European single currency, and thirdly because it no longer has any alternative but to get used to the new notes and coins. Others have managed to do this. If the Italians managed to be sensible and say goodbye to their lira, why shouldn't the Slovaks be able to do the same with their crown?"

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