The European Movement (Malta) has welcomed the decision of the European Commission to recommend that Malta be allowed to adopt the euro as from January 1.

The movement said it considers this a historic step and one which further deepens Malta's integration in the EU. "The adoption of the euro will certainly enhance Malta's international image and credibility, strengthening its potential for increased investment and jobs," it said.

Alternattiva Demokratika also expressed its satisfaction that the EU Commission has approved Malta's application to adopt the euro.

Chairman Harry Vassallo said: "This is an important economic and political development that integrates Malta further within the European Union. The Greens have always been supportive of Malta's membership within the eurozone as we recognised the benefits of a single currency for a small open economy like Malta's."

Another positive reaction came from the Malta Christian Democrat Students who said that Malta joining the eurozone will not only bring the country closer to the European Union but will also result in a number of economic benefits.