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Image header Agence Europe
Europe Daily Bulletin No. 9428
GENERAL NEWS / (eu) eu/emu

Yes to single currency for Malta and Cyprus on 1 January 2008

Brussels, 16/05/2007 (Agence Europe) - In 2008, 15 countries will belong to the eurozone. This at any rate would be the case if the eurozone were extended to Cyprus and Malta on 1 January next, as the Commission and the European Central Bank (ECB) are proposing. The two countries applying to join the eurozone have reached a high level of economic convergence, Joaquin Almunia stressed on Wednesday, telling the press of his assessment of their compliance with the Maastricht criteria. The...

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