Malta joins euro zone
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The Mediterranean island of Malta became the smallest member of the euro zone at the stroke of midnight on Tuesday.
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Malta urges its EU neighbours to take a greater share of the illegal migrants crossing over from Africa.
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Today nine eurozone countries (counrties using euro as their currency) have joined the Apple&#39;s iTunes bandwagon when iTunes music store opened its doors in Finland, Austria, Belgium, Greece, Italy, Luxembourg, Netherlands, Portugal and Spain.
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The recently appointed members of the new European Commission are meeting for the first time in Brussels on Friday. Amongst these is Maltese European Commissioner Dr. Joe Borg who has been assigned the fisheries and maritime affairs ...
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Euro zone finance ministers on Monday voiced concern about the euro&#39;s surge to record highs against the dollar, with some pressing for international
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"Although the pound has been a loyal and faithful servant of the Cyprus economy, we felt that things could happen that could destabilize a small open economy, so it was to your benefit to join the euro zone as soon as possible."  EU newcomers Cyprus and Malta adopted the euro Tuesday, bringing to fifteen the number of countries using the currency with increasing clout over the slumping U.S. dollar.The Mediterranean islands, both former British colonies, scrapped the Cyprus pound and Maltese lira at midnight.Maltese Prime Minister Lawrence Gonzi had to waited a little before getting his hands on the new currency. An automated teller machine did not work when Gonzi tried to withdraw euros, and he was obliged to use a different ATM. Read more
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The European Central Bank has left interest rates in the eurozone unnchanged for the sixteenth consecutive month. Despite a slowdown in the 12-nation zone, the bankers today (Thursday) decided not to adjust the rate of 2%.
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Brussels has said the EU&#39;s newest members should adopt the euro in one step, in contrast to the currency&#39;s original phased introduction.
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Foreign Affairs Minister Michael Frendo announced that Malta and Tunisia have agreed to hold yearly political consultations.
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Cyprus and Malta are adopting the euro, making the single-currency area a club of 15.
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A photographic exhibition on Malta at St James Cavalier, in Valletta, entitled Malta 24/7, has enjoyed a high attendance.
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In the declaration attached to Malta's Accession Treaty to the European Union on the island region of Gozo, it was declared that before the end of each Community budgetary period entailing a redefinition of the ...
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Eurozone inflation surges to a new record in January at 3.2%, putting pressure on the European Central Bank to take action to curb it.
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The private secretary to the President of Malta, Peter Portelli has been appointed permanent secretary in the Ministry for Tourism and Culture.
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The euro surged to an all-time high of $1.2987 yesterday, putting pressure on Europe&#39;s largely export-driven economic recovery and prompting European Central Bank President Jean-Claude Trichet
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The Mediterranean Conference Centre will host a music concert Malta for Asia on Friday 14th January, aiming at raising funds for the tsunami survivors in South East Asia.
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BusinessWeek Online - Euro zone property markets have started to cool as a result of the European Central Bank&#39;s rate policy. The latest annual data, published in the ECB&#39;s May monthly report, show that euro zone house prices rose 6.0% year over year in the second half of 2006, down from 6.9% year over year in the first half. This means 2006 property price inflation slowed to 6.4% from 7.9% in 2005. The 12-country average conceals a certain amount of heterogeneity, but it appears that most countries saw moderation.