Written answers
Wednesday, 28 June 2006
Department of Finance
European Council Meetings
11:00 pm
Bernard Durkan (Kildare North, Fine Gael)
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Question 161: To ask the Minister for Finance if discussions have taken place with a view to extending the Eurozone in the future; and if he will make a statement on the matter. [25313/06]
Brian Cowen (Laois-Offaly, Fianna Fail)
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The Ecofin meeting which took place on 7 June 2006 discussed the Convergence Reports produced by the European Commission and the European Central Bank regarding Slovenia and Lithuania. The Commission submitted a proposal for a Council Decision which would allow Slovenia adopt the euro with effect from the 1 January 2007. In accordance with the Treaty, the European Parliament was consulted regarding this proposal and the proposal was also considered by the Heads of State or Government at the European Council meeting on 16 June 2006. The Ecofin Council will reach a final decision on this matter at its next meeting, which is due to take place on 11 July 2006.
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