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European exchange rate mechanism |
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European exchange rate mechanism (ERM) The system that countries in the European Union once used to pay exchange rates within bands around an ERM central value. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| This is why we are trying to stabilise the exchange rate so that entry into ERM II -- the required waiting room before entering the eurozone in 2012 -- will be safe for each Polish citizen," Tusk said. and other countries also in ERM II had agreed to this request by Slovakia, the statement added. Countries with high public debt and with a currency board arrangement will try to join the euro area quickly, because ERM II (Exchange Rate Mechanism) participation will lead to a welfare loss. |
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