Financial Times FT.com

Slovakia takes its first step to eurozone membership

By Tony Barber in Ljubljana

Published: April 7 2008 03:00 | Last updated: April 7 2008 03:00

Slovakia has applied to join the eurozone next January, dismissing the concerns of some European central bankers and economists that its economy is not ready for the rigours of membership.

If the application at the weekend is successful, Slovakia will become the sixteenth of the European Union's 27 countries to adopt the euro. It will also be the second former communist country to do so, following Slovenia, which joined last year.

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