oussama94
05-28-2017, 23:18
The introduction of the euro was a monumental achievement, marking the
largest monetary changeover ever. The euro was officially launched as an
electronic trading currency on January 1, 1999. The 11 initial member states
of the European Monetary Union (EMU) were: Belgium, Germany, Spain,
France, Ireland, Italy, Luxembourg, the Netherlands, Austria, Portugal, and
Finland. Greece joined two years later. Each country fixed its currency
to a specific conversion rate against the euro, and a common monetary
policy governed by the European Central Bank (ECB) was adopted. To
many economists, the system would ideally include all of the original 15
European Union (EU) nations, but the United Kingdom, Sweden, and Denmark
decided to keep their own currencies for the time being. Euro notes
and coins did not begin circulation until the first two months of 2002. In
deciding whether to adopt the euro, EU members all had to weigh the pros
and cons of such an important decision
largest monetary changeover ever. The euro was officially launched as an
electronic trading currency on January 1, 1999. The 11 initial member states
of the European Monetary Union (EMU) were: Belgium, Germany, Spain,
France, Ireland, Italy, Luxembourg, the Netherlands, Austria, Portugal, and
Finland. Greece joined two years later. Each country fixed its currency
to a specific conversion rate against the euro, and a common monetary
policy governed by the European Central Bank (ECB) was adopted. To
many economists, the system would ideally include all of the original 15
European Union (EU) nations, but the United Kingdom, Sweden, and Denmark
decided to keep their own currencies for the time being. Euro notes
and coins did not begin circulation until the first two months of 2002. In
deciding whether to adopt the euro, EU members all had to weigh the pros
and cons of such an important decision