1. The Euro
After several consecutive years of confusion, the European Monetary Union concluded that it was time to unify European currency. ... The Euro is the new single currency for eleven European countries participating in the monetary union. ... The EMI was the beginning of the proposed European Central Bank. ... Nevertheless, this event didn't matter, since both France and Germany are obligatory in the union, for financial backing. ... Luxembourg, for example, fits the bill for monetary union with no problem. ...
- Word Count: 2804
- Approx Pages: 11
- Has Bibliography