Businesses Cannot Expect Assistance from Exchange Rate, Gaspari Warns

Ljubljana, 15 December - Slovenia is set to enter ERM II, a grooming phase for eurozone membership, in 2004, as part of which it will have to set the exchange rate of the Slovenian tolar against the euro. Speaking at the general assembly of the Chamber of Commerce (GZS), Bank of Slovenian governor Mitja Gaspari stressed that businesses cannot expect help from the exchange rate, since stability will not have any benefits for them.

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