Press Release: Fifth Report on practical preparations for the euro: Countdown for Cyprus and Malta

With only 5½ months to go before the adoption of the euro by Cyprus and Malta, the Commission has assessed the state of practical preparations for the introduction of the euro in the two islands as well as in the European Union countries which yet have to adopt the euro. It concluded that Cyprus has made good progress but must speed up the preparations now. Malta's practical preparations are well advanced.

• Primary Source