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Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, Netherlands, Portugal, Slovakia, Slovenia, and Spain.
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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 a similarity between a Euro and an American dollar?
Euro is nothing but has the currency which is used in European countries it is used in 16 of the 27 countries which is known has Euro zone and American dollar is the dollars which is used outside the banks of the European countries and their is also a lot difference in the value of Euro and Dollars
What is Optimum Currency Area theory?
It is a theory in economics that says which regions or countries in the world should share the same currency. This theory helps when a country is thinking of joining a currency zone (joining the euro zone in Europe, for instance).
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
What is a element that is euro?
The Euro is not an element it is currency used by several countries who are members of the European Union.
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.
Is Denmark in the euro zone?
Denmark joined the EU in 1973 as one of the first countries.
Is it Eurozone or Euro Zone?
Euro zone
What is a similarity between a Euro and an American dollar?
Euro is nothing but has the currency which is used in European countries it is used in 16 of the 27 countries which is known has Euro zone and American dollar is the dollars which is used outside the banks of the European countries and their is also a lot difference in the value of Euro and Dollars
What impact does the euro have on Europe?
At the moment the euro has a huge impact of those in the euro zone and also those that aren't in the euro zone, the state of the euro affects the price of imports and exports as for example, places like England do a lot of trading with countries within Europe. However, for industries such as tourism the Euro can have a good impact for those who aren't in the euro zone as the value of the euro goes down- so instead of the euro being worth £1.50 it is worth £1.30.
What is the union of countries whose currency is the euro?
As of the 1st of January 2011, 17 of the 27 members of the European Union use the Euro as their currency. Those 17 countries are sometimes called the Euro Zone. See the related questions.
Is euro zone one word or two?
Euro zone is two words. It's the zone where the Euro is used as a unit of currency.
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.
Who are the most recent countries to join the euro zone?
Lithuania was the most recent country to join the euro zone, adopting the euro on January 1, 2015. Prior to that, Latvia joined on January 1, 2014 and Estonia on January 1, 2011.
When did the Euro go out?
This depends, the Euro came out in 2001 for twelve of the countries then in 2003 came out the euro in San Marino, Vatican City and Monaco. 2007 was the year when Slovenia joined the euro zone followed by Malta and Cyprus (2008). Now (2009) Slovakia joined the euro zone. If you have coins that are dated 1999 or 2000 that is because that was the year that the mint started to make the euro coins.
What is the difference between the EU and the EU zone?
The EU is just the European Union. Any countries of Europe can apply to receive EU membership if they qualify. The EU (or Euro) zone is the collection of member countries which share the currency the Euro. The Euro is now compulsory for all EU members, except the UK and Denmark which have opted out but may join in the future.
How much is the two euro coin with the matchstick men on the back?
Two Euro. The coins were issued in all euro zone countries to commemorate the tenth year of monetary union. there are 90 million of these coins in circulation
