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Europe Daily Bulletin No. 8940

3 May 2005
Contents Publication in full By article 19 / 45
GENERAL NEWS / (eu) eu/emu
Malta, Cyprus and Latvia join exchange rate mechanism

Brussels, 02/05/2005 (Agence Europe) - Last weekend, Malta, Cyprus and Latvia joined the European exchange rate mechanism II (ERM II), which is the antechamber of the euro. They join three Member States which joined in the latest wave (Lithuania, Estonia and Slovenia), which decided to link their currencies to the euro in June 2004, plus Denmark. This stage, of a minimum duration of two years, is a pre-condition of joining the single currency, alongside the other Maastricht criteria. The...

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THE DAY IN POLITICS
GENERAL NEWS
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