Gonzalez-Paramo: fixed FX will help Cyprus
Jose Manuel Gonzalez-Paramo, member of the executive board of the ECB, said at a recent conference that Cyprus' experience of adjustment under fixed exchange rate regimes would help the country in its goal of adopting the euro.
Speaking on 30 November at a conference on 'EMU governance and euro changeover - Cyprus on the path to the adoption of the euro', Gonzalez-Paramo explained that "an important instrument, namely the exchange rate, will no longer be available to address problems of
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