The Euro 50 Group Roundtable: Is Maastricht too tough?

Eight countries of Central and Eastern Europe (CEECs) are about to become members of the European Union1. At this juncture, it appears that this could take place in 2004. For the new EU members, joining the economic and monetary union (EMU) is not an option but an obligation. The new members will not have the right to opt out of the eurozone, as was granted to the United Kingdom and Denmark. They will only have control over the timing of the adoption of the euro, since entering EMU requires that

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