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The same question can be asked of any country which has joined the Euro.

* A common currency reduces the risks of doing business.

* A common currency reduces banking costs because currencies do not have to be exchanged.

* It is particularly beneficial in border areas as there are now fewer "non-trade barriers" or extra costs in trading across borders. It is noticeable that many small businesses (tradesmen etc.) now trade across borders.

* It reduces costs and inconvenience for travellers crossing borders.

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12y ago

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