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BNS - Estonia could secure approval in June 2010 to adopt the euro currency in 2011 if everything goes well, the European Union's top monetary policy official, Joaquin Almunia, was quoted on Monday as saying according to Reuters.
"This country has made good progress towards fulfilling the criteria. If everything goes well, we could in June 2010 give the green light for the 17th member (of the euro zone)," Almunia said.
Almunia said that in that case Estonia could adopt the euro from 2011.
Estonia is about to meet the Maastricht inflation criterion and also the budget deficit criterion is within reach. The next assessment will take place next March.
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