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Euro adoption plans need more detail

Though Slovakia's plan for euro adoption is comprehensive, some important issues have to be dealt with in more detail, reads the European Commission's report on practical measures prior to the euro adoption on January 1, 2008 in Malta and Cyprus released on July 13.

The EC has concerns about Slovakia's communication strategy, the supplying of banks with euro banknotes and coins, and the withdrawal of crowns from circulation.

EU finance ministers (ECOFIN) last week approved Cyprus and Malta adopting the euro next year and Slovakia is on track to join the eurozone in 2009.

Compiled by Zuzana Vilikovská from press reports
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