Central Europe acts to bolster currencies

Central Europe’s battered currencies rallied on the 23 February 2009 after four of the region’s central banks (Poland, Hungary, Czech Republic and Romania) issued co-ordinated statements calling recent currency weakness unjustified and raising the possibility of intervention on foreign exchange markets.

EurActiv, 6.3.09: Early Eastern eurozone entry a must, France warns http://www.euractiv.com/en/euro/early-eastern-eurozone-entry-france-warns/article-180026

Polskie Radio, 23.2.09: Government negotiates ERM behind president’s back? http://www.polskieradio.pl/thenews/news/artykul102905_Government_negotiates_ERM_behind_presidents_back.html

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