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Kopli, Kaivo

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Eesti Päevaleht - Estonia | 15/09/2011

Don't introduce euro by force

Under the Treaty of Maastricht the countries that entered the EU in 2004 and 2007 must adopt the euro once they meet the criteria. The liberal daily Eesti Päevaleht doesn't think much of the idea: "Enthusiasm for the common currency is waning fast. The word in Poland is that plans for the euro have been put on ice until the future of the euro has been cleared up, on the basis that you stand a better chance of making it through the crisis with a currency of your own. The same goes for Hungary, where even the new constitution states that the country's legal currency is the forint. ... But the Eurozone is also changing, and could be entirely revamped with tighter fiscal and economic policies. That could make new referendums necessary, and the Latvian foreign ministry has already confirmed that such changes are not in Latvia's interest. ... But the key question remains of what will become of the obligation to introduce the euro. For example, it is conceivable that someone could come along and force the currency on the Hungarians although they want to have nothing to do with it."

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