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Of the countries that were eligible to join the first wave in 1999, Denmark decided in a referendum to not join. Sweden is obligated to join because it joined the EU after the Maastrict treaty but deliberately avoids the convergence criteria. The UK is not obligated to join and the current UK government seems to have no plans for a referendum. Slovenia, Malta and Cyprus have since joined the Euro and the other 14 EU countries are in various stages of convergence.
Wiki User
∙ 15y ago
Wiki User
∙ 13y agoThere is no obligation on any country to join the Euro. Some have chosen to keep their own currencies. Others have not achieved the entry criteria to join it, which relate to the state of their economies.
Wiki User
∙ 11y agoCurrently only 17 out of 27 members of the European Union use the Euro. Adopting the Euro in the future is one of the many requirements for accession to the EU, and all members are required to formulate a plan to eventually adopt the Euro in the near future. The following countries are the ten members that do not use the Euro:
Bulgaria (earliest possible date of adoption, January 1, 2016)
Czech Republic (earliest possible date of adoption, January 1, 2017)
Denmark (official opt-out)
Hungary (earliest possible date of adoption, January 1, 2020)
Latvia (expected adoption date, January 1, 2014)
Lithuania (earliest possible date of adoption, January 1, 2014)
Poland (earliest possible date of adoption, January 1, 2017)
Romania (expected adoption date, January 1, 2015)
Sweden (de facto opt-out)
United Kingdom (official opt-out)
Denmark and the United Kingdom have official opt-outs on the Eurozone while Sweden has a de facto opt-out, meaning they are not required to join.
Denmark acquired an opt-out in 1992. A referendum was held in 2000 to introduce the Euro, but only 47% voted yes while 53% voted no. Danish political parties have been pushing for another referendum ever since 2000, and support for adopting the Euro was increasing up until the European debt crisis hit hard in 2008.
The United Kingdom, too, acquired an opt-out in 1992. The British government is very against the adoption of the Euro, and no plans have been declared on adopting the currency in the future. Adding to the opposition was the European debt crisis, and a poll in 2011 showed that about 85% of Britons were against adopting the Euro. Prior to this, in 2010, the British Parliament voted to not adopt the Euro for the lifetime of that body of parliament, which is set to expire in 2015.
Sweden does not obtain an opt-out and is required to adopt the Euro in the future, when conditions allow so. However, the Swedish government has no plans on adopting the Euro in the near future. A referendum on the Euro was presented in 2003, where 56% of Swedes voted against adopting the currency. Had they voted in favor, Sweden would have adopted the Euro in 2006. Swedish political parties are in favor of another referendum, but no plans will be negotiated until as early as 2014, because the 2003 referendum is still considered valid. Yet, support has most likely crashed due to the European debt crisis as well.
Wiki User
∙ 14y agoEleven countries, Denmark, Sweden, the United Kingdom, Bulgaria, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Romania are in the European Union but do not use the euro. Denmark, Sweden, the United Kingdom did not want to use, which is the answer to your question. They may still join it. The other countries joined the EU since the Euro came in and as yet have no joined, but some of them are working towards joining it. They have to meet various economic criteria before they can do so.
Wiki User
∙ 14y agoSimply because they don't wish to, it isn't compulsory and some countries perhaps value the tradition and independance of keeping their own currency.
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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.
How many countries use the euro?
17 countries use the euro, as of 1/1/11They areAustriaBelgiumCyprusEstoniaFinlandFranceGermanyGreeceIrelandItalyLuxembourgMaltaNetherlandsPortugalSlovakiaSloveniaSpain16 countries now use the Euro. This will grow in the coming years.
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.
Which of the European countries do not use the euro currency?
The European Union is an organisation that consists of 27 countries, 17 of which use the Euro. There are many other countries in Europe that are not members of the European Union and none of these use the Euro. So most European countries do not use it. See the related questions below.
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.
The currency using throughout much of Europe is called what?
You are referring to the Euro. It is used in many countries in Europe, but most countries in Europe use their own currencies, not 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).
The Euro which runs in Holland Is this the same Euro which runs across Europe?
The Euro is the same for all countries that use it, though one side of the coin is different in each country. All the notes are the same for all countries. You can still use those different coins in any of the countries that use the Euro. Not all countries in Europe use the Euro. There are over 50 countries in Europe. 28 of them are members of an organisation called the European Union. 18 of those 28 countries use the Euro as their currency.
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).
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).
Why did some countries in the euro-zone chose NOT to use the euro as their currency?
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.
Which country in Africa uses euro currency?
No African countries use the euro.
