EU won’t require abolition of Euro, says Fabris


After the formal opening of Chapter XVII, it’s pretty much clear that Montenegro won’t be required to abolish euro and introduce its own currency, Nikola Fabris, the vice-governor of the Central Bank of Montenegro told Pobjeda, a daily.

“The EU has accepted that Montenegro is a specific case and that the abolition of euro would trigger economic convulsions. However, we expect talks on modifying the Maastricht criteria over the next few years, especially those not applicable to Montenegro. The final say is with the European Commission,” said Fabris.

Recently held meeting in Frankfurt with the highest representatives of the European Central Bank, ECB, didn’t tackle monetary issues in Montenegro.


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