Greek Budget 1999: Gateway to EMU

Salomon Smith Barney, 15/12/1998

Greece has made considerable efforts toward nominal and real convergence in the 1990s with the objective of EMU participation, now targeted for January 2001. Next year, 1999, will be key to Greece's efforts to join EMU, as the examination by the EU for compliance with EMU criteria will be requested for the spring of 2000 based on performance in 1999. With the policies now in place, and in the absence of renewed turbulence in world financial markets, we expect Greece to join EMU in 2001 or, at the very latest, in 2002.

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