Three new EU member states have joined the European Exchange Rate Mechanism (ERM II) and hope to join the eurozone as early as 2007.
Latvia, Malta and Cyprus announced the move on Friday (29 April) on the eve of the anniversary of last year's EU enlargement on 1 May.
The ERM II is considered as the waiting room for the euro as it requires the candidates to meet set economic criteria as well as keep their respective currencies within a 15% band around a central parity rate against ...
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