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.
The biggest savings is in trade between one country and the EU, or between the EU states. Conversion of currency is complex and needs a vast accounting system. Businesses would need to hedge against currencies if they sell products in different countries that use different currencies. One common currency in the EU makes this process much easier. Another advantage to the EU states is the power of their currency as a reserve currency for the world. A currency held by many states is more attractive as a reserve currency as the market for the currency is more liquid.
EU, I think means euro, like the currency of Europe €
No but they have applied to join the EU ( European Union ) and may join in the next 5 years or so. The currency, however, is the Euro which Montenegro has used since the currency started.
If EU represent EURO currency, the advantage is that in Europe many countries have adopted EU for transactions. Tourists and travellors need not exchange currency.
If you mean how many countries in the EU use the EU currency, the Euro, the answer is 17.
The European Union's main currency is the Euro. All member states have adopted the Euro except for Great Britain and Denmark.
What was once called the EEC, is now the EU or European Union. The EU has many currencies. 18 of its 28 members use the Euro, but as there are other currencies, neither it nor any others can be said to be the EU currency.
The euro (€) is the official currency of 16 of the 27 member states of the European Union (EU). The states, known collectively as the Eurozone, are Austria, Belgium, Cyprus, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia and Spain.
The economic union that introduced the euro is the Eurozone, which comprises member states of the European Union (EU) that have adopted the euro as their official currency. The euro was launched in 1999 for electronic transactions and in 2002 for physical currency, replacing national currencies in many EU countries. The introduction of the euro aimed to facilitate economic integration, enhance trade, and promote stability among member states.
Effectively much legislation now comes via the EU - as EU laws should apply to all member states. The UK has some exemptions. Our passport system is not the same as all of the EU and we have not yet adopted the Euro as a currency. EU legislation allows all EU citizens free travel throughout the EU. On a side note many in the UK want to leave the EU and consider it a pain in the neck!
It's 25
the euro the same as the other 15 member states of the eu (except Britain which use pound sterling)