March 1, 2009 / 5:26 PM / 9 years ago

Juncker says 2-year ERM2 rule may be examined

BRUSSELS, March 1 (Reuters) - Eurogroup chairman Jean-Claude Juncker said that the two-year stability test required for a currency of a country hoping to join the euro zone should be discussed.

“I can understand that there may be a slight question mark over the condition that one needs to be member of the monetary system (ERM2) for two years, we will discuss this calmly,” Juncker told a news conference after a meeting of EU leaders.

Juncker added that he did not think that this would lead to a situation where the two-year ERM criterion would not matter anymore.

Juncker also said that a common eurozone bond would not be helpful in the present circumstances.

Reporting by Ingrid Melander; Editing by Jan Strupczewski

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