Euro members told not to over inflate accounts

GERMANY - European countries which have ditched their national currencies in favour of the euro have been told they cannot use unreturned national cash to improve their budgets.

Eurostat's decision effectively outlaws any massaging of the euro members' national accounts which would have either reduced their budget deficits or boosted their surpluses. The decision has annoyed some eurozone countries.

Ireland, for one, had hoped to take advantage of a windfall which has arisen because some of the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: