Brussels, 21/12/2007 (Agence Europe) - One year after Slovenia, it is the turn of Cyprus and Malta to join the euro area, taking its membership up to 15 on 1 January 2008. Cyprus will adopt the single currency at the rate of 0.585274 Cyprus pounds to one euro and Malta at 0.429300 Maltese lira. Ten days from the big event, practical preparations are going well, in line with national changeover plans, the Commission says in a press release published on 21 December.
Fears over prices exist,...