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Four new EU members hope to join euro

Four of the 10 new European Union members could take the first step towards joining the euro by the end of the year, with the aim of adopting the single currency in 2007, according to the European Commission.

Cyprus, Estonia, Lithuania and Slovenia have indicated they could join the Exchange Rate Mechanism 2 - the first step before joining the single currency.

A spokesman for Joaquin Almunia, the new EU monetary affairs commissioner, said the timetable for entry set by all the new members was

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