OlympicsDec 31, 2007
Cyprus, Malta Adopt the Euro
“We'll get used to it very quickly as we got used to them before from (British) sterling to the Maltese liras, now from the Maltese to the Euro”
EU newcomers Cyprus and Malta adopted the euro Tuesday, tying two tiny countries on the edge of Europe to its core institutions _ but raising consumer fears of higher prices.
The Mediterranean islands, both former British colonies, scrapped the Cyprus pound and Maltese lira to bring the number of countries using the shared currency to 15.
At midnight, Cyprus President Tassos Papadopoulos cut a new year's cake at the Finance Ministry, starting celebrations in the capital Nicosia. Malta was to officially welcome the euro an hour later at 2300 GMT. Read more
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