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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.

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What is the name of the currency adopted by most members of the European union?

Euro. symbol €The Euro


In what year was the euro launched as the official currency of the European Union state?

The European Union is an organisation, not a state or country. The Euro was launched in 1999, coming into circulation in 2002. Only 12 of the 15 countries that were members then, began to use it. The EU has now got 28 members, 17 of which use the euro. The others use their own currencies.


Why is the European Union having trouble creating a common currency?

The EU (European Union) is not having trouble creating a common currency. It has already created it as of 2002.


When did France joined the European Union?

1945 first European treaty 1958 Creation of the EEC - European Economic Community 1993 transformation into the EU - European Union (France was a founding partner in all these treaties)


Why would a country not want to become a member of the european union?

A country may not want to join the European Union because they seek neutrality, are doing fine on their own, or are displeased with the European Union (opposed of the idea or members or just displeased with the outcome [most important example is economic meltdown of the European Union]). EU has many laws that has to be adopted by the member countries. Member countries also may have to help other member countries in financial crisis. However, despite these reasons, almost all countries in Europe wish to join the European Union, either soon or in the near future.

Related Questions

When was European Geosciences Union created?

European Geosciences Union was created in 2002.


What monetary system have the European Union countries adopted?

European Monetary Union, with the Euro being used as the currency for 17 of the 27 countries that are part of the European Union.


How many states were in the EU currency when it started?

In 2002, 12 of the then 15 member countries of the European Union started to use the Euro.In 2002, 12 of the then 15 member countries of the European Union started to use the Euro.In 2002, 12 of the then 15 member countries of the European Union started to use the Euro.In 2002, 12 of the then 15 member countries of the European Union started to use the Euro.In 2002, 12 of the then 15 member countries of the European Union started to use the Euro.In 2002, 12 of the then 15 member countries of the European Union started to use the Euro.In 2002, 12 of the then 15 member countries of the European Union started to use the Euro.In 2002, 12 of the then 15 member countries of the European Union started to use the Euro.In 2002, 12 of the then 15 member countries of the European Union started to use the Euro.In 2002, 12 of the then 15 member countries of the European Union started to use the Euro.In 2002, 12 of the then 15 member countries of the European Union started to use the Euro.


When was European Union Satellite Centre created?

European Union Satellite Centre was created in 2002.


What was the GDP of the European Union and the US in 2002?

well in 2002 the US. had 10,416,818


What is the official newspaper of the European union?

The official newspaper of the European Union is the "Official Journal of the European Union." It publishes legal acts, such as regulations and directives, adopted by the EU institutions. It is available in multiple languages and is an important source of information for EU legislation and policies.


What is the name of the currency adopted by most members of the European union?

Euro. symbol €The Euro


What type of money is germaney have?

Germany uses the euro (€) as its official currency. The euro was adopted in Germany in 2002, replacing the Deutsche Mark (DM). It is part of the Eurozone, which comprises 19 of the 27 European Union member states that have adopted the euro as their common currency.


What has the author Dario Castiglione written?

Dario Castiglione has written: 'Constitutional politics in the European Union' -- subject(s): Politics and government, Constitutional law, European Convention (2002-2003 : Brussels, Belgium), European Union countries 'Constitutional politics in the European Union' -- subject(s): Politics and government, European Union countries, European Convention (2002-2003 : Brussels, Belgium), Constitutional law


What money do spanish people use?

Spanish people use the Euro as their currency. It has been in circulation since 2002 when Spain adopted the currency along with several other European Union countries.


When was the Euro made?

In 2002 the euro was made for the people in the European union


What customs union did the 12 member nations replace their individual currencies with the euro in 2002?

The European Union.