No further eurozone expansion seen in next few years: EU Commisioner
FRANKFURT : The eurozone is not expected to welcome any new members in the coming years, as the region’s long crisis seems to have put some countries off, deputy European Commission chief Valdis Dombrovskis said in a newspaper interview on Monday.
“No new members are expected to join in the next few years,” Valdis Dombrovskis told the daily Die Welt.
Dombrovskis is the EU Commissioner in charge of the euro and social dialogue. Out of the 28 EU member states, 19 have signed up to the single currency.
“Before a country joins the euro, it must have a fixed exchange rate to the euro. This mechanism is the waiting room for eurozone membership,” Dombrovskis said.
But at the moment, no EU member is in the “euro waiting room”, with the exception of Denmark, which has a special status, he said.