Currency Pegs Safe, But Maastricht Worries

have long highlighted the risks to a delay in the eurozone adoption timetables across CEE, and Cyprus has become the latest country to acknowledge that its proposed entry date was a little too optimistic. That said, the fundamentals across the whole of emerging Europe remain solid for the most part. We expect that there will be little pressure on the currency pegs of the Baltic states, Slovenia or Cyprus ahead of euro adoption.

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