In 2004, 10 new countries joined the European Union. Seven of these new entrants - Cyprus, Estonia, Latvia, Lithuania, Malta, Slovakia and Slovenia - are taking the necessary steps to get on the Euro currency. The remaining 3 new entrants - Czech Republic, Hungary and Poland - are expected to follow eventually. This research is focused on the affect one uniform monetary policy will have on the less developed countries that entered the European Union (EU) in 2004. One of the challenges facing the new entrants involves the required implementation of monetary policy goals, even ...
In 2004, 10 new countries joined the European Union. Seven of these new entrants - Cyprus, Estonia, Latvia, Lithuania, Malta, Slovakia and Slovenia...