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Benefits of the euro for Cyprus


Benefits of the euro for Cypruspdf

The euro will strengthen macroeconomic stability in Cyprus, ensuring low inflation and low interest rates that are a pre-condition for long-term economic prosperity. The single currency brings stable prices for citizens and more opportunities for businesses. Moreover, being part of the single currency and the euro area also engenders further trade opportunities in the global economy and attracts foreign investment.

(Euro Papers May 2007. )

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