Currencies Of Europe
There are eleven currencies of the European Union as of 2011, the principal currency being the Euro. The Euro is used by the institutions of the European Union and by the Eurozone states, which account for 17 of the 27 member states of the European Union. Although all but two states are obliged to adopt the currency there are three states which have, through legal exemption or de facto permission, retained the right to operate independent currencies within the European Union. The remaining seven states must join the ERM II and attain the third stage and adopt the Euro eventually.
Read more about Currencies Of Europe: Euro, Current Currencies, Opt-outs, Institutions, Historic Currencies, Future
Famous quotes containing the word europe:
“The people of Western Europe are facing this summer a series of tragic dilemmas. Of the hopes that dazzled the last twenty years that some political movement might tend to the betterment of the human lot, little remains above ground but the tattered slogans of the past.”
—John Dos Passos (1896–1970)