Tassos confident of euro adoption

PRESIDENT Tassos Papadopoulos has expressed the conviction that Cyprus will be able to join the Eurozone on January 1, 2008, according to CNA.

Invited to comment if Cyprus may face any difficulties as regards its accession to the Economic and Monetary Union (EMU), Papadopoulos said on Sunday: “I think no one can predict what will happen, but we are on a good track, all of our indexes are satisfactory.”

Papadopoulos expressed the belief that as time passes by, the accession of new countries to the Eurozone will become more difficult, and that Cyprus, having met the European Bank requirements, will be able to join it in 2008.

Yesterday, a meeting between Finance Minister Michalis Sarris, Central Bank governor, Christodoulos Christodoulou and members of Parliament’s Finance Committee was cancelled.

A source at the Ministry told the Mail that, “the Finance Committee asked for the meeting to be rescheduled for next week as several members could not attend.”

The aim of the meeting was to discuss the latest efforts in the adoption of the currency.

The Cyprus Mail is the only English-language daily newspaper published in Cyprus. It was established in 1945 and today, with its popular and widely-read website, the Cyprus Mail is among the most trusted news sites in Cyprus. The newspaper is not affiliated with any political parties and has always striven to maintain its independence. Over the past 70-plus years, the Cyprus Mail, with a small dedicated team, has covered momentous events in Cyprus’ modern history, chronicling the last gasps of British colonial rule, Cyprus’ truncated independence, the coup and Turkish invasion, and the decades of negotiations to stitch the divided island back together, plus a myriad of scandals, murders, and human interests stories that capture the island and its -people. Observers describe it as politically conservative.