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10th Report on the practical preparations for the future enlargement of the euro area

27.07.2010 - The Commission concludes that Estonia's practical preparations for the introduction of the euro are on the right path but identifies some areas where further efforts are necessary.

The Commission report issued today focuses on Estonia, which will adopt the euro on 1 January 2011 following the Council's decision of 13 July 2010 that Estonia fulfils the necessary conditions.

The Commission concludes that Estonia's preparations are on the right path but identifies some areas where further efforts are necessary. The Estonian authorities are in particular advised to reinforce the recommendation to retailers that during the dual circulation period, change is given in euro only. The Commission also advises the Estonian authorities to encourage businesses to join the fair-pricing initiative, regularly monitor the changeover preparations by local authorities, move forward rapidly on providing information about the changeover and pay particular attention in the information campaign to the public's concerns, in particular those related to price developments.

The staff working document attached to the report addresses the state of preparations in the other EU Member States which have yet to adopt the euro and presents the key results of the May 2010 Eurobarometer survey on the public opinion on the euro in the recently acceded Member States.

>> COM(2010) 398. Tenth Report on the practical preparations for the future enlargement of the euro area
>> SEC(2010)942. Commission staff working document

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