Financial Times FT.com

Slovenia cleared to join eurozone in 2007

By George Parker in Brussels, Christopher Condon in Budapest and Ralph Atkins in Frankfurt

Published: May 16 2006 17:01 | Last updated: May 16 2006 17:01

Slovenia was on Tuesday cleared to join the eurozone next year, in the first stage of a roll-out of the single currency into central and eastern Europe.

The small Alpine nation will become the 13th country to adopt the euro but a second applicant - Lithuania - was told it could not join because its inflation rate was too high.

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