(Bloomberg) -- The European Union said Cyprus must
accelerate its preparations to switch to the euro in order to
ensure a smooth changeover at the start of next year.
EU finance ministers this month cleared Cyprus and fellow
Mediterranean nation Malta to join the euro area on Jan. 1,
2008. That will bring the number of euro nations to 15, more
than half of the 27 EU members.
Read more at Bloomberg Currencies News
accelerate its preparations to switch to the euro in order to
ensure a smooth changeover at the start of next year.
EU finance ministers this month cleared Cyprus and fellow
Mediterranean nation Malta to join the euro area on Jan. 1,
2008. That will bring the number of euro nations to 15, more
than half of the 27 EU members.
Read more at Bloomberg Currencies News
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