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Image header Agence Europe
Europe Daily Bulletin No. 9304
Contents Publication in full By article 29 / 50
GENERAL NEWS / (eu) eu/euro

New report on practical preparations for Euro

Brussels, 10/11/2006 (Agence Europe) - On Friday, the Commission adopted its fourth report on practical preparations for the adoption of the euro, focusing particularly on the case of Slovenia, which appears to be well prepared for its transition to the single currency on 1 January 2007. Slovenia has made progress, particularly in matters relating to the currency changeover, the Commission notes. Credit establishments have also agreed to open 42 agencies throughout the country on 1 and 2 January, to assist with the exchange of tolars. It would, however, be in Ljubljana's interests to adopt new measures to reinforce consumer confidence in price stability during the changeover to the euro. This could take the form of a code of conduct to guarantee fair pricing between retailers and consumers, the Commission suggests. Cyprus and Malta have also made progress in their practical preparations, with Malta slightly ahead. The other Euro candidates have made little progress since last June's report (EUROPE 9217). The report is available at http: //ec.europa.eu/economy_finance/publications/eurorelated_en.htm. (ab)

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