Cyprus and Malta adopt the euro
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Cyprus and Malta join the eurozone, making the single-currency area a club of 15.
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With a burst of fireworks and popping champagne, Cyprus ushered in the euro on Tuesday after ditched its pound at the stroke of midnight.
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THE European Commission yesterday concluded today that the Cyprus was on track for correcting its budget deficit. âI am comforted to note that the Czech Republic, Cyprus, Malta, Poland and
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The euro traded above $1.40 for the first time since the common European currency was introduced. The dollar also sank to one-to-one parity with the Canadian dollar.
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European Union Commission President Jose Manuel Barroso tied Saturday the euro's current strength to that of the European economy, ahead of celebrations marking Malta's entry into the eurozone.
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Malta's contribution in the European Union with its Mediterranean vocation, tradition and experience is very important to the bloc, EU Commission president-designate Jose' Manuel Durao Barroso said on ...
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Prime Minister Jean-Claude Juncker of Luxembourg takes over as chairman of the euro group of countries this week, donning the mantle as Europe&#39;s first quasi- official spokesman for the currency they share.
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The European Union's head office on Wednesday predicted a smooth transition to the euro in the 10 new EU nations that are hoping to adopt by 2010 the currency that is already shared by Germany, France and 10 other nations.
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The dollar gained against the euro Thursday in the wake of an announcement by the European Central Bank that it had opted to keep its key interest rates on hold as widely expected.
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Red-faced European Union bureaucrats have agreed to urgently look at how "euro" is being spelt by some of new EU member states from eastern Europe after central bankers noted discrepancies.
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Cyprus submits its formal application to adopt the single European currency, hoping to join the euro by the start of 2008.
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[World News]: London, Dec 26 : The European Union today announced euro three million (USD 4 million) in emergency aid in response to the crisis triggered by the tidal waves in the Indian Ocean and set up a team to monitor the situation.
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Europeâs biggest cross-border financial services deal in recent years was given a significant boost over the weekend when Mario Monti, European Union competition chief, in effect confirmed that EU regulators would approve the Â£8.
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With growth flagging in the 12-nation eurozone, pressure is building in European financial circles for central bank intervention to curb a surge in the euro against the dollar.
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Will the European Central Bank intervene in the world&#39;s currency markets to put a lid on the euro? It has become a tantalizing prospect for many Europeans, who are nervous
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The euro hit a new record high of 1.3063 dollars, beating its previous record of 1.3047 set a day earlier.
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Next year the European Union is to give Malta â¬35,000 (Euros) for animal disease testing - the Maltese Agricultural Authorities will test cattle and sheep for BSE.