Conditions for introducing the euro in Baltic states
ENOn the basis of all of this, we can conclude that many objectively political and economical conditipns define possibility of introduction of the euro in the Baltic States. Political conditions of introduction of the euro in the Baltic States are as follows: integration with the EU is a key foreign policy priority for Baltic States after many years of Soviet occupation; Baltic States have become the EU associated members; Latvia and Estonia are a member states of the World Trade Organization; Latvia's Company Register is the first Eastern European register to be admitted to the European Business Register. Economical conditions of introduction of the euro in the Baltic States are as follows: the national currencies of Baltic States are stable, and a fixed exchange rate has been set; indexes of fiscal deficit and states debt are relatively low in all Baltic States; Central bank independence and strict monetary politics are provided in all Baltic States; the basic requirements which the Central banks of Baltic States applies to commercial banks are in conformity with EU requirements; free capital flow are provided for all Baltic States without any limitation; liberalised market of financial and bank services in all Baltic States; the EU countries role in external trading of Baltic States are increased. [From the publication]
