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Five new member states in 'big bang' approach to join euro

Five new EU members are keen to get euro notes and coins into the pockets of their citizens as soon as possible, according to a European Commission report published on Wednesday (10 November).

Cyprus, Latvia, Lithuania, Slovenia and Slovakia all favour a so-called "big bang" approach to joining the euro, meaning that they will introduce euro notes and coins at the same time as joining the single currency system.

By contrast, the 12 old member states that joined the euro joined t...

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