I do not want to bother you with all these well-known and clear reasons for entering the EMU, which are, above all, the savings on transaction costs and a decline in the exchange rate volatility and exchange rate risk. This is extremely important for Slovakia with its high level of openness.
The share of exports and imports of goods and services in GDP increased to 156.5% in 2001 from 117.3% in 1993, while 60% of exports and 50% of imports were related to EU countries in 2001. After including the CEC5, these shares would increase to 89% for exports and 71% for imports.