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Euro Pros And Cons

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Euro Pros And Cons

  1. 1. Euro currency<br />Liisa Kuuse<br />Sanne Rüütelmaa<br />Pärnu 2010<br />
  2. 2. What is euro?<br />Europe’s single currency <br />shared by 16 EU countries and around 329 million citizens<br />world’s most important currencies <br />the euro was launched on 1 January 1999<br />Before a Member State can adopt the euro, it must fulfil certain economic and legal criteria.<br />
  3. 3. Which countries have adopted the euro and when? <br />1999 - Belgium, Germany, Ireland, Spain, France, Italy, Luxembourg, the Netherlands, Austria, Portugal and Finland<br />2001 - Greece<br />2007 - Slovenia<br />2008 - Cyprus, Malta<br />2009 - Slovakia<br />
  4. 4. Coins:<br /> 1c · 2c · 5c · 10c · 20c · 50c · €1 · €2 · €2<br />Banknotes:<br />€5 · €10 · €20 · €50 · €100 · €200 · €500<br />
  5. 5.
  6. 6. Pros <br />Makes travelling easier<br />A stable currency with low inflation <br />Low interest rates<br />A single currency increases price transparency<br />Easier international trade <br />Better protection from external economic shocks<br />
  7. 7. Cons <br />Differences across the EU in economic performance<br />Political barriers <br />Loss of national sovereignty <br />Cost of Introduction<br />Unemployment will increase<br />Will the euro be accepted as easily as is thought? <br />
  8. 8. Why did Europe decide to adopt the euro?<br />to ensure stable economic growth<br />to control price increases<br />
  9. 9. Why should Estonia change over to the euro ?<br />Changeover to the euro, a world currency, will have a positive effect on the confidence of the economy <br />The euro will decrease the risk that the value of our money would decline and savings would be reduced<br />Transition to the euro will make travelling more convenient and cut the costs of currency exchange for both private individuals and businesses<br />
  10. 10. The endThank you!<br />

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