23/05/2005 (Agence Europe) - Addressing the press last Thursday in Nicosia, the European Commissioner for economic and monetary affairs declared that Cyprus was going in the right direction for EMU accession. Quoted by AFP, Joaquin Almunia, stated “we believe that the Cypriot economy is in a good position…but we are calling the Cypriot authorities to pay more attention to inflation rates”. According to the Maastricht criteria, inflation rates can not go above 1.5 points of the three...