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The Euro is heavily based on the German economy and was designed for the benefit of all member countries. Those countries with weaker economies benefited from adopting the euro because there is a flat rate regardless of their local economy while others with stronger economies are actually losing money because of it.
Wiki User
∙ 9y ago
Wiki User
∙ 11y agoThe Euro is the currency of the European Union and it is required that all members of the EU switch to the Euro in a reasonable time after their accession to the European Union. Currently, 17 out of 27 members of the EU use the Euro. Eight out of the ten members who do not use the Euro are required to switch in the next few years. The two that have opt-outs on switching to the Euro are the United Kingdom and Denmark; they're allowed to keep their own currencies at least for now. Croatia is an acceding member to the EU and will join in July of 2013. The country has expressed that it will switch to the Euro in the near future. Outside of the EU, some countries use the Euro such as micro-states (like Vatican City or Monaco), Montenegro, Kosovo, Mauritius, and Zimbabwe.
European countries using the Euro is pretty self-explanatory, as they either wish to join the EU in the future (as all countries but Switzerland currently have a plan of doing) or they are influenced by larger countries that are in the EU and use the Euro. For example, Montenegro is currently a candidate of the EU and uses the Euro. And Vatican City and San Marino are both micro-states completely surrounded by Italy, who is a member of the EU and uses the Euro. However, the African countries of Zimbabwe and Mauritius using the Euro need a little more explanation. Zimbabwe completely abandoned their currency, the Zimbabwean Dollar, in 2009 and started using larger currencies such as the US Dollar and the Euro. Hyperinflation and dislike of the currency was to blame. Mauritius used to be under European control (French and then British), and it remains to have high European influence and relations.
Some countries also switch to larger areas'/countries' currencies to create an easier situation in the event of trade among other things. That is why the US Dollar is used widely in the Americas and the Euro is used widely in Europe. So the sense of having a common currency is ideal.
Wiki User
∙ 11y agoThe Euro is the currency of the European Union, and all members are obliged to eventually adopt the Euro in a reasonable amount of time, as they will create a plan to do so. A common currency helps immensely in trade and travel, as there is no need for converting. Currently, all members but the UK and Denmark are obliged to adopt the Euro. But countries that have not yet switched are a bit reluctant due to the European debt crisis that has dragged the failing Euro down with it. Some people are pessimistic and believe that the Euro and European Union will fall, but others are optimistic and believe that the worst is behind, and all we can look forward to is progression and recovery.
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What element means euro?
Euro is the currency in some countries of the European Union.
Are some countries worse off since the euro was adopted?
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
Why this countries are not using the euro?
Some countries do not use the Euro because they have their own currency and do not wish to change, or at least not for a while.
Where is the Euro from?
The euro is a currency used in some European countries. See the related question below.
A sentence with the word euro in it?
When you go to some European countries you have to use a euro intead of a dollar.
What form of euro was used in the 1800's-1924?
The euro did not exist then. Different countries that now use the euro had their own currencies at that time. Some countries that now use it, did not exist during that time.
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 Europe's currency?
Europe does not have one single currency. The most widely used currency is the Euro, which is the official currency in 18 countries of the European Union. The other 10 countries in the European Union do not use the Euro. Not all of Europe's countries are in the European Union but some of the European countries outside the European Union use the Euro. The majority of countries in Europe do not use the Euro.
The euro is the currency for all of the countries of the EU?
No. There are 28 countries in the organisation known as the European Union. Only 19 of those countries use the Euro. A county in the European Union has the choice of using the Euro or not. Some countries have chosen not to use it or their economies are not ready to use it.
How many countries are in the EU that have the euro?
As of the 1st of January 2014, 18 of the European Union's 28 countries use the euro.
Are all eu countries have euro dollar?
The currency is called the Euro, not the Euro Dollar. Not all countries in the European Union use the Euro. There are 28 countries that are members of the European Union. 18 use the Euro. 10 use their own currencies.
Is the French euro the same as the German euro and the Italy?
Each country that has the euro has its own type of euro coin, with one side having an emblem of that country and the other side being the same in all countries. However all euro coins can be used in any country that uses the euro. So one side of the French euro is the same as the Germany and Italy euros, and the other side is different on each. They are the same in that they can be used in any of those countries and any other euro country. See the link below for the designs one side of the first 13 countries that used the euro. The other link shows the other side which is the same in all countries. Some countries have also minted some special ones, with one side different.
