Euro expansion good for some
Open demo account
FOREX trading implies serious risk and can result in the loss of your invested capital

Financial and commodity markets analytics

A report by credit rating Agency Fitch noted that certain countries could benefit immensely if the  Euro was adopted by more countries in central and Eastern Europe.

Countries such as Croatia, Bulgaria, Hungary and Romania could see their overall credit scores jump if they decided to join the single European currency on the back of easier trading and less complications with currency fluctuations.

Joining the euro is a “fundamental trade off” noted Raoul Ruparel, co-director at Open Europe.

“You get to be part of this bloc and you get some benefits in terms of trade and reducing currency costs and other benefits in terms of stability.” he added

The benefit for the above countries at the moment is their countries remain relatively cheaper than most Eurozone countries at the moment on the question of Labor and they need to be careful if they choose to switch currencies.

“If they do join the euro, these countries need to make sure they don’t make the same mistakes as some other countries which saw a steep increase in the cost of labour and wages which eroded their competitiveness” Mr Ruparel also noted

The material published in on this page is produced by the FIBO group companies, and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC; furthermore it has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is not subject to any prohibition on dealing ahead of the dissemination of investment research.


The world of trading has no boundaries

IMPORTANT: Please be informed, that our services are available for Professional Clients only.

Important notice
By clicking "Continue" you will be redirected to the website operated by FIBO Group, LTD company registered in BVI and regulated by FSC. Please familiarize yourself with the Customer Agreement through the link. Click "Cancel" to remain on this page.