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Malta has formally applied to join the Eurozone in January 2008 and adopt the euro currency. The request was made through a letter sent by the Prime Minister, Dr Lawrence Gonzi, and Central Bank of Malta Governor Michael Bonello to both the European Commission and the European Central Bank, asking both institutions to set in motion the mechanism to provide Malta with a convergence report on whether it has reached all Eurozone membership conditions, known as the Maastricht criteria.
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Wikinews Shorts: March 8, 2007