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  4. Jean-Claude Trichet
  5. For a small open economy such as Cyprus, the euro adoption...

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.

Jean-Claude Trichet
Adoption, Cyprus, Financial
"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.
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.