One currency for one Europe
The road to the euro
History was made on 1 January 1999 when 11 European Union countries created a monetary union with a single currency, the euro. Euro banknotes and coins entered circulation on 1 January 2002. But the history of Europe’s common currency has been a long time in the making and can be charted back to the origins of the European Union itself. Fifty years after the Treaty of Rome laid the foundations of today’s EU, and based on a comprehensive reform of the economic and monetary union, the euro is the most visible symbol of European integration.
- Corporate author(s): Directorate-General for Economic and Financial Affairs (European Commission) Themes: Construction of Europe, Economic policy — Economic and monetary union
- Subject: Economic and Monetary Union, economic integration, euro, European Central Bank, European System of Central Banks, historical account
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