At the same time, analysts JP Morgan notes that the economic recession in Central Europe, as well as the growing "devaluative pressure on national currencies of Poland, the Czech Republic and Hungary seriously slow down the pace of the accession of three countries to" euro area ".
According to forecasts JP Morgan, Warsaw and Prague can replace their national currency to the euro in 2014-2016, respectively. Budapest has the opportunity to make this move a year earlier. This is primarily due to the fact that Hungary is strictly kept within prescribed by the EU and the IMF fiscal deficit of 3% of GDP.
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