What is the most likely reason some former communist nations refused to adopt the euro as their currency?
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1. They hoped eventually to return to a communiat government.
2. They had a strong economy and didn't need a new currency.
3. They suspected the euro would lead to debt problems in the future.
2. They had a strong economy and didn't need a new currency.
3. They suspected the euro would lead to debt problems in the future.
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The likely reason that the former communist nations refused to adopt the euro as their currency was that they felt unwilling and were not ready to merge with the European Union.
The European Union had declared euro as its currency. The Members were mostly capitalist and democratic countries. So the former communist nations (In Eastern Europe) refused to join it and adopt the euro as their currency.
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