"For a small open economy such as Cyprus, the euro adoption provides protection against international financial turmoil, which often has a disproportionate effect on smaller economies."

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Source : "The Successful Entry of Cyprus Into the Euro Area". Speech at the Conference “Welcoming Cyprus to the euro area” Nicosia, www.ecb.europa.eu. January 18, 2008.

Jean-Claude Trichet

#Adoption Quotes #Cyprus Quotes #Financial Quotes

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