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Why did some countries in the euro-zone chose NOT to use the euro as their currency?
Wiki User
∙ 8y ago
Not all European countries were convinced that the a single European currency would be viable without a complete political union of all the countries in the Euro-zone. They could not see how economic and budgetary discipline could be maintained across the political and banking system of the independent states and as they did not want to make Europe a single country, they refused to join the Euro.
It would appear from the problems that have happened with the Euro, that they were correct.
Wiki User
∙ 8y ago
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What is the official currency of eurozone?
The official currency of Eurozone is the Euro.
France is a member of which group of countries?
Europe, Eurozone (European countries using the Euro as a common currency), NATO, UN.
The single currency of the European Union is the?
The euro is sometimes though of as the single currency of the European Union, and is denoted by the symbol "€." However, the European Union has 27 countries, of which only 17 use the Euro. The other 10 countries still use their own currencies. The 17 countries are referred to as the Eurozone. So it is more accurate to say that the euro is the single currency of the Eurozone, not the European Union.
The single currency of the European Union is the .?
The euro is sometimes though of as the single currency of the European Union, and is denoted by the symbol "€." However, the European Union has 27 countries, of which only 17 use the Euro. The other 10 countries still use their own currencies. The 17 countries are referred to as the Eurozone. So it is more accurate to say that the euro is the single currency of the Eurozone, not the European Union.
What form of money do you use in France?
France is part of the Eurozone (European countries all using the Euro as their common currency), thus the money is the Euro.
What does the Euro sign stand for?
The Euro sign is the currency sign used for the euro. The euro is the official currency of the Eurozone in the European Union and was designed by the European Commission.
Currency used in The Neatherlands?
The Netherlands, along with other 17 countries, belongs to what's known as the 'Eurozone', and because of that, since the year 2002, its official currency is the Euro.
What is French Euro formally known as?
the Euro. It is the same currency in every country of the Eurozone, with the very same name.
What is the basic unit of itallian money?
Italy is part of the European Monetary Union and Eurozone. As a Eurozone member its shared form of currency is the Euro (EUR). The Italian currency of the Lira (ITL) ended due to the Euro changeover in 1999.
What is the name given to the group of countries using the euro?
The Eurozone
How is the eurozone qe important globally?
Euro being the parallel currency compared to other international currencies, it is important to European countries vis a vis internationally. So, rather than coming out of euro currency basket, they should try to strengthen euro for its global importance.
How many members of the European Union use their own currency together with the Euro?
12 currencies are used in the European Union. 17 countries use the Euro and the other 11 countries each use their own currency. In January 2014 18 will use the Euro and 10 will have their own currencies, so then there will be just 11 currencies.
