The eastward enlargement of the eurozone will follow hot on the heels of the eastward enlargement of the EU. The membership of the accession countries in the eurozone, however, may cause additional risks both for these countries and for the EMU itself. The following paper gives an overview of how policies and markets will be affected and discpsses, in the light of the risks involved, whether the Maastricht criteria should be revised to cater for the special needs of the accession countries.
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