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2/13/07

Cyprus applies to join euro

Business Week

"Cyprus applies to join euro

BRUSSELS, Belgium

Cyprus applied Tuesday to join Europe's common currency, the euro, the European Commission confirmed.

'Cyprus has indeed sent in a request for us to look at whether they are ready to join the euro-zone,' said EU spokeswoman Amelia Torres.

If Cyprus wins the EU all-clear to join next year, it would become the 14th of the EU's 27 nations to start using the currency."

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