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:
“In everyone’s youthful dreams, philosophy is still vaguely but inseparably, and with singular truth, associated with the East, nor do after years discover its local habitation in the Western world. In comparison with the philosophers of the East, we may say that modern Europe has yet given birth to none.”
—Henry David Thoreau (1817–1862)