About: euro

Euro & Finance 03-09-2009

Enlargement and the euro

In accordance with the provisions of the Maastricht Treaty, all new members of the European Union are eligible and compelled to join the bloc's single currency, the euro. Of the twelve member states that joined the Union between 2004 and 2007, Slovenia, Cyprus, Malta and Slovakia have fulfilled the convergence criteria and are now part of the euro area. 

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