1. Ten Years of the Euro – Inspiration for the Czech republic
Euro: Anchoring Slovakia in the Turbulent Times
Praha, November 25, 2008
Elena Kohútiková
VÚB, a.s.

2. Euro: Good Thing for Slovakia in Good Times…
For Slovakia, benefits of the adoption of single currency were thought to outweigh the costs by big margin even when the global economy was in full swing
Long-term (20 year) increase of GDP by 7-20 %

3. Euro: Great Thing for Slovakia in Bad Times!
The current global financial crisis makes the pros v. cons calculations even more convincing
Indeed, thanks to the forthcoming adoption of the euro, Slovakia has been to a large extent insulated from the pressure that storms our neighbors.

4. Anchoring the Currency
V4 currencies vs EUR (% vs )

5. Anchoring the Interest Rates
Spread of 10-year V4 bonds vs Bund

6. Anchoring the Rating
Government bond rating

7. Boosting Reforms and Real Convergence
GDP per capita in V4 countries (in PPP, EU27=100)