Euro countries soon to be in the majority

Twelve of the 15 "old" EU member states have adopted the euro. Björn Mansson points out that the enlargement of the EU to encompass 27 countries means that euro countries are in the minority at present, despite Slovenia's joining the Eurozone. However he adds that this is soon to change. "It's highly likely that the decision will be made to let Malta and Cyprus become members of the Eurozone as of 2008. This means that the euro will once again be the main currency in the majority of EU countries - in 15 of 27. Of course, like Slovenia, Malta and Cyprus are only small economies with little influence within the Eurozone. Nonetheless, the fact that the majority of EU members will have the euro has a certain symbolic value. Do the British, the Danes and the Swedes really intend to wait until even the last former socialist state has converted to the euro?"

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