Ever closer to the euro club.
- Resource Type
- Economist; January 22 2000, Vol. 354 Issue 8154, p71-71, 1p
- European Union; Economic conditions in Greece; Money; Euro; Money -- European Union countries; Drachma; Economic conditions in Greece, 1978-; Greece; European Union countries
Three members of the European Union (EU) that are still holding on to their national currencies—Denmark, Sweden, and Greece—are moving close to abandoning them in favor of the euro. In Denmark, opinion polls indicate that those supporting joining the euro are 13 percent of those against, and the government has promised a referendum on the issue by March 2002. In Sweden, the ruling Social Democratic Party has decided to support membership of the single currency. In Greece, the economy is booming, its stock market was among the best performers in the EU in 1999, and the country now passes most of the test for joining the euro.