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integration. For the new members of the enlarged Union: Cyprus, Czech Republic, Estonia, Hungary, Malta, Latvia, Lithuania, Poland … connected with joining the “Euro”, such as the Exchange Rate Mechanism, two years of speculation exposure, the Maastricht …
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On its way to become a member of the European Monetary Union (EMU) Estonia needs to participate in the new European … included this criterion. The standard fluctuation band is determined as ± 15 % compared to the relevant central euro rate …. There is also the possibility to apply to have a band narrower than the standard one formally set. Estonia could make use of …
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