16th country adopts euro

? Slovak banks did brisk business as they opened on New Year’s Day for a very special occasion — issuing euros to citizens eager to get their hands on the country’s new currency.

The small alpine nation on Thursday became the 16th country to adopt the European Union’s euro — a currency that also celebrated its 10th birthday this New Year’s Day. With the addition of Slovakia, the euro currency will be used by 330 million people with an annual gross domestic product of more than $5.6 trillion.

The decision by this country of 5.4 million people to join the eurozone and abandon the Slovak koruna appears even wiser now amid the global financial crisis, as other European countries have seen their currencies severely buffeted.