European Union (EU) leaders are due to endorse a plan allowing Slovakia to adopt the euro in 2009 at their summit here Thursday.
A brief ceremony is scheduled to be held at the start of the two-day summit, which will also be attended by European Central Bank President Jean-Claude Trichet who is in charge of the euro zone's monetary policy.
The European Commission proposed in May to accept Slovakia into the single currency club from the beginning of 2009, saying the country had fulfilled all necessary conditions for the adoption of the euro.
On June 3, EU finance ministers gave the green light to Slovakia's entry into the euro zone, as did the European Parliament two days ago.
Following the EU leaders' formal endorsement, EU finance ministers were scheduled to finalize their approval in July, setting the conversion rate between the euro and the Slovakian currency koruna.
Slovakia will be the 16th member of the euro zone following Malta and Cyprus, which adopted the euro this year.
Source:Xinhua
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