Home > Global Finance, History, Politics, World Economy > Euro Zone Adds Slovakia, excludes Turkey – WSJ.com

Euro Zone Adds Slovakia, excludes Turkey – WSJ.com

To the sound of midnight fireworks and pealing church bells, Slovakia joined the euro zone, putting it under the shared currency’s protective umbrella amid a world financial downpour _ and underscoring the former Soviet bloc nation’s economic progress.

The small alpine nation on Thursday became the 16th country to adopt the euro, a European Union project which also celebrates its 10th birthday this New Year’s Day. With Slovakia, the currency will be used by 330 million people with an annual gross domestic product of more than four trillion euros ($5.6 trillion). (via Euro Zone Adds Slovakia As Its 16th Country – WSJ.com).

For 10 years, Turkey has been struggling to join the EU – and they have been given a 10 year time table, after which they may be able to join the EU. In the meantime, two-bit countries like Slovakia has been fast-tracked into the EU.

Any guesses, why?

Did I hear anyone say Islam?

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