Arguments for the adoption of a single currency in Europe
What is a currency? A currency is an essential technical instrument in trade. ... The name The name of the European currency was adopted by the European Council at its meeting in Madrid on 15 - 16th December 1995. ... The euro symbol - € - , developed by the European Commission, was inspired by the Greek letter epsilon and also denotes the first letter of the word "Europe". ... 12 of the 15 European Unions member countries are participating in the common currency. They are: Belgium, Germany, Greece, Spain, France ,Ireland, Italy, Luxembourg, The Netherlands, Austria, Portugal ,Finland (Denmark, Sweden and the United Kingdom are members of the European Union but are not currently participating in the single currency). ... It is the division of all prices and units of value expressed in national currency by a constant factor. ... When travelling in the euro area You only have to change money once; one currency is all you need now. ... When shopping in the euro area Prices are displayed in the same currency; they are easier to compare and help you make the right choice. ... Managing your business is easier and less expensive Disadvantages - And in the common life, the families will have to change their lifestyle and learn to use a new currency, unknown to them up to now. ... - Other disadvantages can be the substitution of the computerized and technological systems by the new systems, the expenses the training of specialists and employees of companies The €uro - the European Unions single currency The euro is the European Unions single currency. ... Fourth, the countrys currency must have remained within the normal fluctuations of the European Monetary System for at least two years previously.