Deutsche Bundesbank Monthly Report, January 2006

The Deutsche Bundesbank published the English version of its January 2006 Monthly Report on 16 February. The report issued a blunt warning against rushing the expansion of the eurozone currency bloc and criticised prospective member Estonia over the size of its current account deficit.

The Bundesbank did not comment on which countries should join the eurozone or when, but it warned that rushing eurozone entry would make harder the task of setting an appropriate exchange rate. The wrong exchange

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