Report: No Countries Ready to Join Euro, Despite Progress

June 7, 2016 10:35 AM

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The European Central Bank says seven countries in the European Union fulfill most of the requirements for joining the bloc's common currency, the euro — but none has met all of the standards.

The ECB said Tuesday in a review that many of the countries have made progress when it comes to limiting inflation and budget deficits.

Also read: Italy criticizes Malta over migrant ship ahead of EU summit

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