Commissioner warns EU entrants against hasty euro adoption

Internal market Commissioner Frits Bolkestein has cautioned Malta against a rushed adoption of the EU's single currency.

During a visit to the small island, as part of a tour of the 10 acceding countries, the Dutch Commissioner warned the new member states to take their time in joining the single currency.

Mr Bolkestein, who is not directly in charge of economic and monetary affairs, also reminded the EU new entrants that once the euro is adopted, they would not be able to take ce...