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Europe Daily Bulletin No. 8637

4 February 2004
Contents Publication in full By article 31 / 42
GENERAL NEWS / (eu) eu/enlargement/euro
European Exchange Rate Mechanism is not a "waiting room" for countries hoping to adopt the euro, Solbes warns

Brussels, 03/02/2004 (Agence Europe) - During a conference organised on Monday in Prague, Commissioner Pedro Solbes stressed once again that the European Exchange Rate Mechanism should not be considered as a "waiting room" pending adoption of the euro, but rather as a tool allowing Member States to implement sound economic and monetary policies that foster price and exchange rate stability.

In his speech, Mr Solbes said that, generally speaking, countries belonging to the EU were faced with...

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