Kohler on adoption of the euro in Central Europe

In a speech on 'The Euro - Towards Adopting the Common Currency in Central Europe' given on 2 February Horst Kohler of the IMF said that imbalances in the global current account remain a risk to economic recovery though a stronger euro and weaker dollar are helping to bring about a rebalancing.

"The [world economic] recovery is broadening and deepening, with all major regions showing improvement," Kohler said in an address to a conference on euro entry for the countries about to join the

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