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What does Schengen mean to Maltese Citizens?

When travelling to another Schengen state, Maltese citizens are no longer subject to border checks. However it remains necessary for Maltese citizens to be in possession of a valid Identity Card or Passport when travelling within the Schengen area for security reasons.
 
Moreover, Maltese citizens entering the Schengen area from a third country are only subject to a minimum border check intended to verify their identity on the basis of their travel document (Identity Card or Passport).
 
Malta’s entry into the Schengen area therefore facilitates travel, especially when coupled with Malta’s adoption of the Euro. These initiatives enable Maltese citizens to travel to Portugal, Spain, France, The Netherlands, Belgium, Luxembourg, Germany, Austria, Italy, Finland, Greece and Slovenia not only without going through border checks, but also without having to go through monetary exchange.