The Creation and Introduction of the Euro to Europe free essay sample

The paper examines why the Euro was introduced and how it was created. This paper examines the new monetary unit in Europe, the euro. The author looks at the groundwork that led up to creating a common monetary system, the methods of circulation, the coins designs and denominations, and the problems that may arise from the system. On January 1, 2002 over 300 million European citizens saw the Euro transform from a virtual currency into reality. Twelve countries ended their use of individual currency and joined forces in creating a uniform monetary system. These twelve countries are Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Netherlands, Portugal and Spain. Britain, Sweden and Denmark choose not to switch to the Euro. The creation and implementation of the Euro was a long and tedious process that began in 1958 with the Treaty of Rome. The objective of this treaty was to create a common European market, which would benefit the regional economy by bringing these countries closer together economically. We will write a custom essay sample on The Creation and Introduction of the Euro to Europe or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page