Eurozone expansion

FRANKFURT: The eurozone is not expected to welcome any new members in the coming years, as the region’s long crisis seems to have put some countries off, deputy European Commission chief said in a newspaper interview Monday. “No new members are expected to join in the next few years,” Valdis Dombrovskis told the daily Die Welt. Dombrovskis is EU Commissioner in charge of the euro and social dialogue. Out of 28 EU member states, 19 have signed up to single currency. “Before a country joins the euro, it must have a fixed exchange rate to euro. This mechanism is the waiting room for eurozone membership,” Dombrovskis said. But at the moment, no EU member is in the ‘euro waiting room’, with the exception of Denmark, which has a special status, he said.