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The euro - the EU single currency

Latest news about the European Union's single currency.

Estonia and the euro
Estonia joined the European Union in 2004 and is currently preparing to adopt the euro.

Greece and the euro
Greece joined the European Union in 1981, and adopted the euro in 2001 in time to be among the first wave of EU countries to launch euro banknotes and coins on 1 January 2002.

Germany and the euro
Germany is a founding member of the European Union and was one of the first-wave EU countries to adopt the euro on 1 January 1999.

Denmark and the euro
Denmark joined the European Union in 1973. It has negotiated an opt-out from the euro and is thus not obliged to introduce it.

The Czech Republic and the euro
The Czech Republic joined the European Union in 2004 and is currently preparing to adopt the euro.

Bulgaria and the euro
Bulgaria joined the European Union on 1 January 2007 and has committed to adopt the euro once it fulfils the necessary conditions.

Belgium and the euro
Belgium is a founding member of the European Union and was one of the first-wave EU countries to adopt the euro on 1 January 1999.

The euro and the eurozone - guide
Background information on the euro and the euro area, or eurozone.

Euro site
The euro, Europe’s single currency, is the currency of 13 European Union countries: Belgium, Germany, Greece, Spain, France, Ireland, Italy, Luxembourg, the Netherlands, Austria, Portugal, Slovenia and Finland. Euro banknotes and coins have been in circulation since 1 January 2002 and are now a part of daily life for 315 million Europeans living in the euro area.

The SWIFT case and the American Terrorist Finance Tracking Program
After the 11th September 2001 terrorist attacks, the United States Department of the Treasury ("U.S. Treasury") developed the "Terrorist Finance Tracking Program" ("TFTP"). The TFTP is based on United States statutory mandates and Executive Orders authorising the U.S. Treasury to use appropriate measures to identify, track and pursue those who provide financial support for terrorist activity.

Adjustment in EMU: A model-based analysis of country experiences
This paper uses a two-country-three-sector DSGE model to analyse adjustment in the Euro area. A particular distinction is made between tradeables and non tradeables and non tradeables are further disaggregated into housing and services. The experience of six countries which have shown strong divergences in the early years of the euro area, namely Germany, Ireland, Italy, the Netherlands, Portugal and Spain is analysed. The framework allows replication of actual developments in euro-area Member States using a model that is inherently stable. It is found that to a large extent, the diverging growth and inflation developments and current account shifts can be attributed to one-off adjustment to EMU which broadly seems to have run its course. The absence of an exchange risk premium in EMU allows an increase in capital mobility resulting in a lower correlation between domestic savings and investment. Increased capital mobility seems to have been an important driving force behind the current account dynamics. Due to the absence of risk premia, investment – and especially housing investment - responds strongly to exogenous shocks.

Slovak economic boom, 2009 euro entry on track
Slovakia's economy is on track for further growth and should meet adoption criteria for the euro early 2009, the OECD said on Thursday.

Euro commemorative coins
Commemorative coins are 2-euro circulation coins bearing a special national design to commemorate a special event or personality. Commemorative coins have legal tender status throughout the euro area.

Slovenia's changeover to euro runs smoothly
The first hours of Slovenia's changeover from its tolar money to the euro ran smoothly after the tiny nation became the first former communist state to join the EU common currency.

Euro indicators
Statistics for Economic and Monetary Union (euro-zone) and European Union (EU-15) from Eurostat

Speakers on the euro
Euro Team - A network of speakers on the euro in the 10 new EU Member States

EU Stability & Growth Pact
The European Union Stability and Growth Pact is the EU's answer to concerns about the continuation of budgetary discipline within Economic and Monetary Union.

Euro facts and figures
Euro-zone countries share a common European currency, the euro. They have locked the exchange rates of their national currencies to the euro, and share a single interest rate.