President Confident of Euro Adoption

Cypriot 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 hink 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, he accession of new countries o 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 he Mail that, “the Finance Committee asked for the meeting o be rescheduled for next week as several members could not attend.”

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