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Cyprus News Agency: News in English, 06-05-05
CONTENTS
[01] CYPRUS - EUROZONE
[01] CYPRUS - EUROZONE
Cyprus and Malta have signed, with the European Commission, an
agreement to participate in a European Union programme (Prince) to
inform their citizens about the euro.
``Signing this agreement is proof that the EU believes that we are on
the right track to join the Eurozone on 1 January, 2008,`` Cypriot
Finance Minister Michalis Sarris said as he signed the agreement with
EU Commissioner for Economic and Monetary Affairs Joaquin Almunia.
He said the implementation of the agreement will help Cyprus benefit
from the experience of other member states and it will also bring
financial benefits.
The whole effort to inform the public at large is very important in
that it will help allay fears about joining the Eurozone, he added.
``It is very important to secure, as soon as possible, fiscal
discipline, a prerequisite for our participation in the Eurozone,``
Sarris said, adding that ``macroeconomic stability means tangible
benefits for the Cypriot people, low interest rates, low inflation,
fast growth and full employment.``
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