The document provides information about the euro currency and the European monetary union in 3 paragraphs:
1) The euro is the official currency of the European Union and is used by 19 of its member states. It was introduced in 1999 and adopted in 2002 to increase economic integration and stability across the EU.
2) The Maastricht Treaty led to the creation of the euro and outlined convergence criteria for EU members to qualify for the eurozone. The European Central Bank was established to implement monetary policy for the eurozone.
3) Implementing the euro involved complex financial and economic changes across many markets and sectors. Member states transitioned from national currencies to the euro at different speeds, while ensuring contracts and obligations were
4. Eleven member states have adopted it collectively known as Eurozone.(Austria, Belgium, Cyprus, Finland, France, Germany, Greece, Ireland, Italy, etc.)
6. The euro was introduced to world financial markets as an currency in 1999 and launched coin and Banknote on 1st, January 2002.
7. All nations that have joined the EU since the 1993 implementation of the Maastricht Treaty
8. The euro sign (€) is the currency sign used for the euro the official currency of the European Union(EU).
9. The design was presented to the public by the European Commission on 12th December , 1996.
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11. Signed on 7 February 1992 between members of European community
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13. Eleven countries have been selected as the members of EMU. As part of the EMU, these eleven countries now make up the world's second-largest economy, after the United States
14. Greece and Sweden, failed to meet the convergence requirements in time to join the EMU in the first round. Sweden failed to satisfy two of the conditions:
33. Euro EG opened company,stock exchange,accounting¤cy law to the Euro
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37. New exchange rate mechanism (ERM II) is set up to provide stability between the euro and the national currencies of countries that haven't yet entered the eurozone
38. The 11 initial countries that will participate in the third stage from 1 january 1999 are selected.