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yes some countries are worse off since they adopted the euro because they're economy might be better than other countries but the currency stays the same because some of the weaker countries are bring them down. therefore some of the countries that have adopted the euro with good economies are now dropping the euro to make more money
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∙ 15y ago
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How are countries doing since they adopted the euro?
There have been mixed results, to say the least. France and Germany are doing well, but Spain and Greece have all but collapsed.
What is euro zone?
Euro is the official currency of the European Union. However, some countries inside the EU, decided to keep their traditionnal money (UK sill use the Pound). The Euro zone is the group of countries that had adopted the Euro (€) as their currency. On the 27 countries in the EU, 15 countries belong to the zone Euro. The other countries have either refused (UK, Sweden, Denmark....) adopting the Euro or are waiting for their Economies to be fit with the legal economics demandings defined by the EU.
What is the name of the currency adopted by most members of the European union?
Euro. symbol €The Euro
In 2002 the European Union adopted?
In 2002, 12 of the 15 members at that time, adopted the Euro as their currency. As of the 1st of January 2011 there are now 17 of the 27 members using the Euro.
The currency of Portugal?
The currency of Portugal is the Euro, symbol: €.The subdivision of the Euro is called cêntimo or centavo in Portuguese.* Portuguese currency was previously denominated as the escudo meaning shield, from 1911 to 2002. Before that, from around 1430 until 1911, it was the Portuguese Real, which was a widely circulated currency.
When did Cyprus adopt the Euro currency?
The Euro is not the currency of Europe. There are about 50 countries in Europe, of which 28 are members of an organisation known as the European Union. As of the 1st of January 2014, 18 of those 28 countries use the Euro. So most European countries use their own currencies, not the Euro. The first 12 countries to use the Euro started to do so on the 1st of January 2002. The other 6 have joined since then and others will start to use it in the coming years.
When Euro currency was introduced?
1999 was the formal introduction. Som other countries have adopted the Euro after that.
Has the economy improved or worsened in countries that have adopted the Euro?
The economy of countries that have adopted the Euro has worsened with double dip recession. High unemployment, increase in public debt, and financial fragility is seen.
What kind of money was recently adopted by many European Countries?
the Euro
How many European countries uses currency EURO?
16 countries have adopted the Euro, 5 other countries use the Euro with formal agreements (these are places such as the Vatican). 6 other districts or countries use the euro without formal agreement; these include Andorra - which doesn't have an official currency, and Akrotiri and Dhakalia - a British sovereign base area in Cyprus. Countries outside of Europe have adopted the euro for international transactions (an example is Cuba).
How many countries swapped their currency to euro first?
16 countries have adopted the Euro, 5 other countries use the Euro with formal agreements (these are places such as the Vatican). 6 other districts or countries use the euro without formal agreement; these include Andorra - which doesn't have an official currency, and Akrotiri and Dhakalia - a British sovereign base area in Cyprus. Countries outside of Europe have adopted the euro for international transactions (an example is Cuba).
What year did France adopt the euro?
France adopted the Euro on January 1, 1999 along with 10 other countries.
How are countries doing since they adopted the euro?
There have been mixed results, to say the least. France and Germany are doing well, but Spain and Greece have all but collapsed.
How many European countries use euros?
16 countries have adopted the Euro, 5 other countries use the Euro with formal agreements (these are places such as the Vatican). 6 other districts or countries use the euro without formal agreement; these include Andorra - which doesn't have an official currency, and Akrotiri and Dhakalia - a British sovereign base area in Cyprus. Countries outside of Europe have adopted the euro for international transactions (an example is Cuba).
What the french currency is called?
France adopted Euro as its currency in 1999. Before adopting Euro the French currency was French Francs. Euro is adopted by 18 of 28 member countries of European union.
Have Denmark or Sweden adopted the Euro?
No, both countries retain their own national currencies.
Are there any EU countries which did not adopted the Euro but now regret that decision?
Great Britain. Not true, the United Kingdom does not regret joining the Euro.
