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Piirainen, Matti

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1 article of this author has been cited in the European Press Review so far.

Kainuun Sanomat - Finland | 02/06/2008

Euro problems

"Ten years ago the decision was made on which countries were suitable to be part of the Eurozone. Finland was one of those eleven countries. ... In Frankfurt, the home of the European Central Bank, the representatives of the euro countries can merrily toast the success of the euro. ... Meanwhile, inflation, which is being accelerated above all by the climb in food prices, has become the key problem of economic policy. ... The strong euro initially cushioned the impact of high prices, but now European consumers are feeling the consequences of soaring prices on the global market in their pockets. ... Another problem for the Eurozone is that not all member countries are able to bring their economies up to scratch quickly enough. ... It is particularly important for the former socialist countries of Central and Eastern Europe to get into shape for the euro. To become members they must sort out their budgetary policies."

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