The imposition of austerity, in particular, has caused political and economic upheaval, Some have even gone as far as to conclude that the EU's policy response to Hence, while crisis may forge new steps towards more European integration, .. of heavily politicised negotiations over the exchange rate mechanism parity.
Table of contents
- Economic and monetary affairs
- Enlargement of the eurozone - Wikipedia
- Enlargement of the eurozone
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- The benefits of the euro
History, Law, Economics and Sociology Chapter 6: Legislative Politics Chapter 9: Executive Politics Chapter Judicial Politics Chapter Organized Interests in the European Union 1 Chapter Political Parties in the European Union Chapter Constitutional Politics Chapter Bringing Federalism Back in Chapter Fiscal and Monetary Policy: The Politics of Redistribution Chapter Environmental Policy in the European Union: Gender and European Union Politics Chapter New Modes of Governance in the European Union: A Critical Survey and Analysis Chapter The European Union and the World Chapter Retrieved 2 June Retrieved 18 November Retrieved 22 November Ministry of Finance Poland.
Economic and monetary affairs
Retrieved 4 June Scenarios for adopting the euro". Retrieved 13 March Retrieved 15 March Archived from the original PDF on 24 December Retrieved 27 October Polish Ministry of Finance. Retrieved 26 February Retrieved 6 August Convergence Report " PDF.
Sammen for Fremtiden Government manifest June Archived from the original PDF on 1 July Hungary will not adopt the euro for many decades to come". Sofia News Agency Novinite. Archived from the original on 20 December Retrieved 2 September Bulgaria will apply to join euro zone". Central European Financial Observer.
Enlargement of the eurozone - Wikipedia
Archived from the original on 2 February Retrieved 26 September Government of the Republic of Croatia. Retrieved 18 June Retrieved 28 October That is why the ODS will demand that a possible accession to the single currency and the entry into the European stabilisation mechanism be decided on by Czech citizens," the ODS resolution says.
Retrieved 30 April Retrieved 18 October Retrieved 22 January Archived from the original PDF on 20 January We won't have euro until Retrieved 26 March Hungarian euro is possible in " in Hungarian. All Hungary Media Group.
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PM Viktor Orban declares victory". The Wall Street Journal.
Enlargement of the eurozone
Retrieved 9 February Poland's Battle Over Embracing the Euro". Retrieved 8 February Parliament of the Republic of Poland. Retrieved 25 September Retrieved 22 February Retrieved 28 March Retrieved 21 February Archived from the original on 7 November Trecem la euro dupa " in Romanian. Retrieved 1 February Retrieved 1 May Romania needs law to enforce Euro-adoption target". Romania euro membership 'not feasible ' ". Retrieved 12 August Retrieved 16 January Retrieved 2 February Retrieved 3 February Retrieved 23 June Column , Baroness Williams of Crosby ".
House of Lords Hansard. Retrieved 13 October Retrieved 17 October Cameron coalition's policy plans".
Retrieved 13 September Official Journal of the European Union. Retrieved 8 September Official Journal of the European Communities. Retrieved 26 January Archived from the original on 7 June Subsequently the Republic of Kosovo unilaterally adopted the Euro as its official currency.
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Since then, the Deutsche Mark was used as legal tender. When Germany yielded the Deutsche Mark for the Euro on 1 January , Montenegro unilaterally adopted the Euro as its official currency. Retrieved 31 January Archived from the original on 7 July Retrieved 20 January Archived from the original on 26 March Archived from the original on 20 October Archived from the original on 11 November Retrieved 25 May Archived from the original on 7 April Retrieved 16 May Archived from the original on 17 June Uppskot consenting to undertake conversations of trust for introducing euro as a Faroese currency second reading " in Faroese.
Proposed eurobonds Reserve currency Petroeuro World currency. Andorra Monaco San Marino Vatican. British pound sterling incl. European Union portal Numismatics portal. Retrieved from " https: Pages using Timeline CS1 Polish-language sources pl CS1 Bulgarian-language sources bg CS1 Danish-language sources da CS1 Romanian-language sources ro CS1 Swedish-language sources sv CS1 Croatian-language sources hr CS1 Czech-language sources cs CS1 Hungarian-language sources hu Webarchive template wayback links CS1 Faroese-language sources fo CS1 French-language sources fr All articles with unsourced statements Articles with unsourced statements from June Articles containing potentially dated statements from All articles containing potentially dated statements Wikipedia articles in need of updating from August All Wikipedia articles in need of updating All articles with dead external links Articles with dead external links from November Articles with unsourced statements from May Use dmy dates from May Pages with graphs.
Views Read Edit View history. To preserve the EU's financial stability and resolve tensions in sovereign debt markets in the euro area, the EU also set up a safety net for euro area members in difficulty: More on the EU's response to the crisis. Being in the euro area guarantees stable prices.
The benefits of the euro
The combined size and strength of the euro area also creates a stronger and more stable currency that is better able to shield its members from external shocks and currency market turbulence, than individual countries alone could achieve. All EU countries are expected to adopt the euro when their economies are ready — except Denmark and the UK, who have an official opt-out. To join the euro area, a country's currency must have had a stable exchange rate for 2 years.
There are other strict conditions as regards:.
Not only does the ECB keep prices stable, it also ensures that euro transfers to recipients in other euro area countries are as cheap as possible for banks and their customers. The ECB and Commission have also been working to extend the benefits of more efficient and cheaper payments to the whole continent — through a single euro payments area SEPA.
In practice this means that in 34 European countries all euro payments bank transfers, direct debit, card, etc. Skip to main content. Topics of the European Union. Institutions and bodies Agencies and other EU bodies. Agriculture, fisheries and food Agriculture Food safety Maritime affairs and fisheries.