EU Enlargement

Slovakia applies to join the Euro

Slovakia today made a formal application to join the single European currency and bid to become the fourth of Europe’s new member states to progress to the next stage of economic integration by locking themselves into the Euro. A verdict on entry is likely to come as early as May 7th when the EU commission publishes new economic forecasts which will include data on the key convergence criteria for wannabee euro zone members. If all goes well, Slovakia will enter the single currency system on 1st January 2009.

UK migrant flows starting to reverse?

Migrant flows starting to reverse

There are signs that the huge inflow of migrant workers predominantly from eastern european countries which has boosted the effective UK labour supply in recent years is starting to go into reverse.