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The euro & you
Why the euro?
The euro was created because a single currency offers many advantages and benefits over the previous situation where each Member State had its own currency. Not only are fluctuation risks and exchange costs eliminated and the single market strengthened, but the euro also means closer co-operation among Member States for a stable currency and economy to the benefit of us all.
Link: http://ec.europa.eu/economy_finance/the_euro/the_euro6476_en.htm
Adopting the euro
The European Union grows as candidate countries meet the conditions for entry and accede to the Union - this process is known as enlargement. Similarly, the euro area is enlarging as non-euro-area EU Member States meet the conditions for entry and adopt the euro.
Link: http://ec.europa.eu/economy_finance/the_euro/the_euro6480_en.htm
Economic and Monetary Union
Economic and Monetary Union (EMU) represents a major step in the integration of EU economies. It involves the coordination of economic and fiscal policies, a common monetary policy, and a common currency, the euro. Whilst all 27 EU Member States take part in the economic union, some countries have taken integration further and adopted the euro. Together, these countries make up the euro area.
Link: http://ec.europa.eu/economy_finance/the_euro/the_euro6478_en.htm
this page updated
June 2, 2009
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