Eurozone: ECB says no countries ready to join (why would they want to join now?)
The European Central Bank (ECB) has said that none of the eight countries that are supposed to join the euro are ready yet. The verdict comes amid growing fears over the future of the currency itself amid the worst crisis it has faced.
It said Bulgaria, the Czech Republic, Latvia, Lithuania, Hungary, Poland, Romania and Sweden are not yet ready to join the 17 nations that use the euro.
The ECB is obliged to report on their progress at least once every two years.
However, in some of the criteria, the eight countries are doing better than the countries already in the euro.
http://www.bbc.co.uk/news/business-18268062
I misread the headline at first. I thought it read that countries that had wanted to join the euro had changed their minds. When any of the countries mentioned does meet the criteria to join the eurozone, I wonder if they will say, "Never mind".
I hadn't realized that Sweden had a desire to begin using the euro. The other countries mentioned are relatively new members of the EU.