EU Presses New Eastern States to Calm Fear of Euro-Driven Inflation - Good communication essential
Citizens in the 10 countries that joined the European Union in 2004 feel ``ill-informed'' and need ``reassurance,'' EU Monetary Affairs Commissioner Joaquin Almunia said in a press release today in Brussels. ``The countries that aim at introducing the euro in 2008 should pay particular attention notably to information and communication.''
A Gallup Europe survey of 10,000 people in eastern Europe shows that 60 percent consider themselves not very or not at all informed about the euro and 46 percent fear that the introduction of the euro will lead to higher prices.
Inflation in the euro area has stayed above the European Central Bank's ceiling of 2 percent since 2001. Countries seeking to join the euro need to pass economic tests including a limit on inflation.
No comments:
Post a Comment