Brussels, 13/02/2007 (Agence Europe) - The European Commission confirmed on Tuesday 13 February that Cyprus had formally applied to join the euro with effect from 1 January 2008. According to the 2006 Commission convergence report, published in December (see EUROPE 9321),Cyprus, at that time, met the criteria on price stability, public deficit and long-term interest levels, but not the criteria on exchange rate stability and legislative compatibility with the treaty (statute of the national...