***......... The declines are also causing headaches for the governments as the recession slices into tax revenue and widens budgets, making the prospect of euro adoption even more remote.
The Baltics, which dropped out of the euro race once already, want to complete adoption to help them weather the downturn.
Estonian President Toomas Hendrik Ilves yesterday said his country may have to make "large" budget spending cuts and raise taxes to meet European Union requirements for euro adoption in 2011.
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