THE EURO
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THE EURO. How do individuals, businesses and economies benefit from using the Euro?. The Euro. € € € €. In 1999, the euro area was established as a currency in eleven of the then fifteen EU Member States.

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THE EURO

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The euro

THE EURO

How do individuals, businesses and economies benefit from using the Euro?


The euro

The Euro

  • In 1999, the euro area was established as a currency in eleven of the then fifteen EU Member States.

  • Of the 27 EU Member States today, seventeen have adopted the euro. Estonia is the most recent member, having joined in Jan. 2011.

  • One of the striking benefits of a single European currency are low interest rates due to a high degree of price stability.

  • The euro is as stable and credible as the best-performing currencies previously used in the euro area countries.


Before the euro a multitude of currencies

Before the Euroa multitude of currencies

  • Diversity of currencies:

  • Cumbersome inter-state trading

  • Comparing prices more difficult

  • Currency exchange can be unpredictable

  • in contracts/ loans


The euro a single currency for europeans

The Euroa single currency for Europeans

The 12 countries which introduced the Euro in 2001:

  • Italy

  • Ireland

  • Luxembourg

  • Netherlands

  • Portugal

  • Spain

  • Austria

  • Belgium

  • Finland

  • France

  • Germany

  • Greece


The euro a single currency for europeans1

The Euroa single currency for Europeans

Can be used everywhere in the euro area

4Coins:one side with national symbols, one side common

4Notes:no national side

New Euro countries since 2001:

EU countries using the euro in 2011EU countries part of ERM II (in between)

EU countries not using the euro

  • Cyprus (2006)

  • Malta (2006)

  • Slovakia (2008)

  • Slovenia (2009)

  • Estonia (2011)


Some of the euro s benefits

Some of the Euro’s benefits

  • European Central

  • Bank keeps price

  • inflation low so

  • interest rates also

  • remain low

  • Currency

  • exchange costs

  • are eliminated

  • International

  • trade is

  • facilitated

  • Inflation remains

  • low and stable

  • Travelling is made

  • easier

  • Comparing prices

  • is made simpler


United in diversity the uro

United in Diversity - The €uro


United in diversity the uro1

United in Diversity - The €uro


European central bank

European Central Bank

  • The European Central Bank (ECB) is the central bank for Europe's single currency, the euro.

  • The ECB’s main task is to maintain the euro's purchasing power and thus price stability in the euro area.

  • The euro area comprises the 17 European Union countries that have introduced the euro since 1999.

  • The ECB operates independently from Member State governments.

The euro was introduced in 1999


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