Greek EMU entry may boost euro M3 growth-CSFB

- Central Banking staff
- 18 Dec 2000

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Greek membership of the euro next year could make a significant impact on euro zone money supply growth, according to researchers at Credit Suisse First Boston. But the European Central Bank said on Monday that estimates of a significant increase were exaggerated.

Greece, whose gross domestic product adds up to just two percent of the eurozone, enters monetary union on January 1. Its relatively small economy means that inclusion will not impact overall growth and Eurostat data, which already

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