Euro

The official currency of the European Union's (EU) member states. The euro was introduced by the EU in to the financial community in 1999 and physical euro coins and paper notes were introduced in 2002. Euros are printed and managed by the European System of Central Banks (ESCB).

The euro is abbreviated by the symbol "EUR".

The euro is the national currency of the EU member states who have adopted it, including Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal and Spain. Together, these countries create what is called the Eurozone, a region where the euro serves as a common national currency for all of the separate nations.

This has important benefits, such as removing exchange rate risk from businesses and financial institutions operating in an increasingly globalized economy. On the other hand, critics of the euro system argue that it produces negative consequences, such as concentrating the power to set monetary policy in the European Central Bank. This removes the ability of the EU's member nations to implement monetary policies specific to themselves, locking them into the monetary policy established for the entire Eurozone, even though local monetary conditions may differ substantially from the overall Eurozone.


Investment dictionary. . 2012.

Look at other dictionaries:

  • Euro — Euro …   Deutsch Wörterbuch

  • Euro — Staat: Andorra  Andorra¹ Belgien  Belgien Deutschland …   Deutsch Wikipedia

  • Euro — ευρώ en griego евро en búlgaro ewro en maltés …   Wikipedia Español

  • euro — [ øro ] n. m. • 1995; du rad. de Europe ♦ Monnaie unique européenne (à partir de janvier 1999; symb. €). Un billet de dix euros. Le cent, subdivision de l euro. ⇒ 3. cent, centime. La zone euro : les pays de l Union européenne où l euro a cours… …   Encyclopédie Universelle

  • EURO — (homonymie) Cette page d’homonymie répertorie les différents sujets et articles partageant un même nom. {{{image}}}   Sigles d une seule lettre   Sigles de deux lettres   Sigles de trois lettres …   Wikipédia en Français

  • Euro- — (homonymie) Cette page d’homonymie répertorie les différents sujets et articles partageant un même nom. {{{image}}}   Sigles d une seule lettre   Sigles de deux lettres   Sigles de trois lettres …   Wikipédia en Français

  • Euro- — 1. Euro , shortened to Eur before certain vowels, is one of the more productive combining forms of the 20c, as a linguistic reflection of far reaching political and economic developments across Europe. The form is first used in the 1950s in… …   Modern English usage

  • Euro — UK [ˈjʊərəʊ] / US [ˈjʊroʊ] or Euro UK / US noun [countable] Word forms euro : singular euro plural euros or euro Word forms Euro : singular Euro plural Euros economics * the unit of money that is used in most countries in the European Union. Its… …   English dictionary

  • Euro- — [jʊərəʊ ǁ jʊroʊ] prefix European, especially in relation to the European Union: • next month s Euro elections * * * Euro UK US /jʊərəʊ / prefix ► relating to the European Union: »Many discussions have failed because they were viewed as too… …   Financial and business terms

  • euro — 1. ‘Moneda de la Unión Europea’. Como el resto de las monedas, es un nombre común y debe escribirse con minúscula: «Los bolsistas tendrán que seguir muy de cerca la cotización del euro» (NCastilla [Esp.] 24.5.99). Su plural es euros. 2. La voz… …   Diccionario panhispánico de dudas

  • euro — éurò m. euro [eurò et éurò sont des calques du français] > Aqueu libre m a costat 10 euros. Aquéu libre m a cousta 10 éuro …   Diccionari Personau e Evolutiu

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