EU candidates should avoid forex fluctuations

UK - Countries seeking to join the European Union will be well-adviced to avoid excessive exchange rate fluctuations against the euro, European Central Bank Vice President Christian Noyer said Monday.

"In order to achieve further disinflation and sustainable growth, excessive exchange rate fluctuations need to be avoided," Noyer said.

Noyer added that joining the European Rate Mechanism II as stipulated by the Maastricht treaty on European Monetary Union is advantageous to the accession countri