Economy Slovenia to join the euro-zone in 2007

BBC said:

The first new entrant since 2001 to the twelve-member eurozone has been agreed by the European Commission.
Slovenia's application to join the single currency on 1 January 2007 was accepted by the Commission.
The application by the former communist state must now be approved by the European Parliament and EU member states, who will set the exchange rate.
However, Lithuania's application for euro membership was rejected because its inflation rate was too high.
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All the countries that joined the EU is 2004 are supposed to be preparing to adopt the euro, but in practice, the timetable for the other countries is unclear.
Estonia, for instance, was at one stage due to be considered alongside Slovenia and Lithuania, but has asked for a year's delay.

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In 2004 the 10 new EU member states had a currency other than the euro; however, those countries are required by their Accession Treaties to join the euro. Some of the following countries have already joined the European Exchange Rate Mechanism, ERM II. They and the others have set themselves the goal to join the euro (EMU III) as follows:
1 January 2007 for Slovenia. (Date confirmed and finalized by the European Commission)
1 January 2008 for Cyprus, Estonia, Latvia, Lithuania and Malta
1 January 2009 for Slovakia
Mid-january 2009 for Bulgaria
1 January 2010 for the Czech Republic and Hungary.
2011 or later for Poland and Romania

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Maciamo said:

BBC News : Slovenia to enter eurozone club
Here is more on the subject from Wikipedia :
In 1.5 years' time, we might have 6 more countries using the euro, thus bringing the total of countries using the euro to 24 (18 official, 3 microstates and 3 de facto) + 15 more countries with currencies pegged to the euro.

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