1. Euro Adoption in Slovenia
Boštjan Jazbec
Member of the Governing Board
The views expressed are those of the author and not necessarily those of the Bank of Slovenia.

2. Contents
Macroeconomic Stabilization and Transition
Macroeconomic Perfomance
Maastricht Criteria
Entry to ERM2 and Adoption of Euro
Conclusions

3. Macroeconomic Stabilization and Transition
Better initial conditions than in other transition economies
Money-based stabilization program
Rehabilitation of the banking sector
Sound macroeconomic performance
Inflation and Exchange Rate

4. Slovenia vs. Greece vs. Portugal

5. Synchronization of Business Cycles

6. Inflation Criterion Fulfilment

7. Country Risk Premium

8. Exchange Rate Development

9. Unemployment

10. Euroization of Bank Assets and Liabilities

11. GDP Composition by Activity

12. Maastricht criteria at the time of fulfilment

13. Timetable for Euro

14. Financial intermediation

15. Catching-up process

16. Slovenian financial sector (total assets)

17. Increasing indebtedness

18. Growth rates of loans

19. Capital adequacy indicators for Slovenian banks

20. Keeping competitiveness Financial sector development
Challenges ahead
Inflation
Keeping competitiveness
Financial sector development
Labor market reforms

21. Sources:
Financial Stability Report
Price Stability Report