High energy prices delay EU recruits’ eurozone entry

Prolonged high energy prices and fears of recession are setting back the plans of the European Union’s new member states to join the eurozone.

Hopes of most of the ten EU states planning to adopt the euro have been put back by up to two years since Slovenia was approved as the 13th country to adopt the single currency from the start of next year.

High oil prices have pushed up inflation in small countries with high rates of economic growth, particularly in the Baltic region.
The Times