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Malta on the threshold of euro zone


VALETTA, Malta (eTN) – Three years after joining the European Union, Malta and Gozo are poised to enter another interesting epoch in the island’s history, as from January 1, 2008, the smallest member of the EU will also join the euro zone.
VALETTA, Malta (eTN) – Three years after joining the European Union, Malta and Gozo are poised to enter another interesting epoch in the island’s history, as from January 1, 2008, the smallest member of the EU will also join the euro zone.
The Maltese government has been working up to this moment. Two years ago, the National Euro Changeover Committee (NECC) took on the role of the organization that would prepare for this change. Perhaps the greatest fear that had to be alleviated was the perception that the euro may increase the cost of living, but those involved in the tourism industry could see a number of benefits in joining the second largest currency in the world. When one considers that the major source of the tourism mar ....

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