When did the euro come out?

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The euro is one of the most important currencies in the world. The amalgamation of countries to form the European Economic and Monetary Union produced it. Many are interested in when he came out and what story is behind him.

Before the introduction of the euro

The euro as a means of payment is a small revolution. It replaced many different currencies - such as the German mark or the French franc - and made it possible for all of them People in the euro zone - without having to exchange money - can pay across national borders whenever they want want.

  • As early as 1970 the idea of ​​introducing a common European currency came up. However, the so-called Werner Plan was not implemented.
  • 18 years later the idea was taken up again. Germany and France in particular took a special position: The then Federal Chancellor Helmut Kohl promised to strive for an economic and monetary union. In contrast, France agreed to the merger of the FRG and the GDR.
  • Shortly afterwards, on 1. July 1990, the free movement of capital between EC states was established.
  • This was followed by the establishment of a European Monetary Institute in 1994 and the European Central Bank in 1999.
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  • Previously, on 2. May 1998 the introduction of the euro was decided. January 1999.

When the euro came out

The euro not only had friends among the population: many spoke out against its introduction and there are still critics today. Nevertheless, more countries were added over time. Other European countries are also planning to join the euro zone. It is not yet clear whether and when this will succeed.

  • In 1999, Germany, Italy, France, the Netherlands, Belgium, Spain, Austria, Luxembourg, Finland, Portugal and Ireland were ready to adopt the euro.
  • Greece was added in 2001, Slovenia followed in 2007, Cyprus and Malta in 2008 and Slovakia in 2009.
  • In 2011, the euro came out in Estonia.

Officially as cash, the euro is on 1. Released January 2002. From then on it could be used as a means of payment in twelve countries. The first Coins came into circulation in the form of starter kits. (As of 06/2013)

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