Is Malta obliged to adopt the euro?

When Malta became a member of the European Union on May 1, 2004, it also became a member of the economic and monetary union with the status of a member state with a derogation. This implies that Malta is obliged to adopt the euro as its national...

When Malta became a member of the European Union on May 1, 2004, it also became a member of the economic and monetary union with the status of a member state with a derogation. This implies that Malta is obliged to adopt the euro as its national currency.

New member states have to achieve certain economic and budgetary results, known as the Maastricht criteria before adopting the single currency.

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