Fed QE Tapering Could Keep Eastern Europe Out Of Euro Zone

Central and eastern European countries trying to join the euro zone could suffer a serious setback when the US Federal Reserve begins QE tapering in the near future, according to Societe General’s Cross Asset Research team. CEE6 countries’ intention to join Eurozone Bulgaria, Croatia, the Czech Republic, Hungary, Poland and Romania (collectively referred to as the CEE6) have all stated their intention to join the euro zone in the future, but before they can switch currencies they have to meet the so-called Maastricht criteria – economic standards meant to protect the euro from rampant inflation or excessive debt. Bringing down…