History shows East Europe pitfalls on way to euro

FEATURE - Investors are already betting Eastern Europe's road to the euro will be remarkably short, but the history of European monetary union shows just how many hairpin bends and potholes still litter the way.

Leaders of all 13 candidate countries attend an EU summit on Friday in Barcelona where they will take part for the first time in discussions on economic reform of the 15-nation bloc which up to 10 of them hope to join in 2004.

Financial markets are already gambling on the three biggest

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