POLAND / CZECH REPUBLIC / HUNGARY: EU Debt Crisis Is Convenient Excuse To Delay Euro Adoption.

BLOOMBERG / A. Lozasz

   Some analysts claim several Eastern European nations are using the Greek/Ireland/Portugal/Spain debt crisis to delay implementing needed economic restructuring and joining the eurozone.
    Seven of 10 former communist countries that joined the EU since 2004...haven't adopted the euro.
    “It’s a convenient excuse and it may distract away from some of the measures they need to do at home to sort out budget deficits and structural changes,” said economist Nigel Rendell. “It’s welcome news in some of the euro-skeptic countries.”