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euro
(redirected from Euro currency)

    Also found in: Dictionary/thesaurus, Financial, Wikipedia 0.01 sec.
euro: see European Monetary System European Monetary System, arrangement by which most nations of the European Union (EU) linked their currencies to prevent large fluctuations relative to one another. It was organized in 1979 to stabilize foreign exchange and counter inflation among members.
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euro

Single currency of 15 countries of the European Union (EU), including Germany, France, and Italy. It is also the official currency in several areas outside the EU. The euro was adopted as a unit of exchange in January 1999. Those who advocated the currency believed it would strengthen Europe as an economic power, increase international trade, simplify monetary transactions, and lead to pricing equality throughout Europe. Euro currency notes and coins were introduced in January 2002 and became the sole national currency in all participating countries by March 1. Britain and Sweden decided not to adopt the euro immediately, and voters in Denmark rejected it.

euro
the official currency unit, divided into 100 cents, of the member countries of the European Union who have adopted European Monetary Union; these are Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portgual, and Spain; also used by Andorra, Bosnia and Hercegovina, French Guiana, Guadeloupe, Kosovo, Martinique, Mayotte, Monaco, Montenegro, R?union, San Marino, and the Vatican City


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1990 Major proposes new Euro currency British Chancellor John Major proposes a new European currency which would circulate alongside existing national currencies.
ON THIS DAY by South Wales Echo (Cardiff, Wales)
The European Commission said Monday both the 27-nation EU and the 16 countries that use the euro currency will shrink by 4% this year, more than twice as it had predicted at the start of this year.
EU to shrink 4 Pct for 2009 by International Business Times - US ed.
Poland's Prime Minister Donald Tusk said Tuesday his government was determined to push ahead with its goal to adopt the EU's common euro currency in 2012 despite the global financial crisis.
Poland 'determined' to adopt euro despite crisis: PM by AFP / AFP Global Edition
 
 
 
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