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Europe Daily Bulletin No. 9465

11 July 2007
Contents Publication in full By article 10 / 41
GENERAL NEWS / (eu) eu/emu
Cyprus and Malta to join the euro on 1 January 2008

Brussels, 10/07/2007 (Agence Europe) - The EU27 finance ministers have formally decided to allow Cyprus and Malta to join the euro, also setting the fixed and irrevocable exchange rates for their national currencies and the euro. The exchange rate for the Cyprus pound was set at 0.585274 pounds for one euro, and the Maltese lira exchange rate is 0.4293 lira for one euro. Following the approval of EU heads of state (see Europe 9452), all that was needed was approval by the ECOFIN Council to...

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GENERAL NEWS