Eurozone crisis - Реферат

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Creating the European Monetary System by Germany and France, which was a huge step towards the unification of currency. Purpose of single currency. The sovereign debt and banking sector problems. New Rules to Reinforce the Fiscal and Monetary System.

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Eurozone crisis The euro (symbol: €; banking code: EUR) is the currency of 17 EU member states. It was launched on 01.01.1999 virtually, but physically launched from 01.01.2002. The currency is the second most traded currency after the US dollar. The currency is used by around 332 million people daily. €915 million in circulation, highest combined value of Bank notes in circulation in world. The countries that use the euro are Finland, Austria, Belgium, Cyprus, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia and Spain. If you are planning a trip to Europe then the euro is the currency you will need for most of the locations you visit. There are additional countries that will accept the euro even though there is no formal agreement to do so. It is managed and administered by Frankfurt based European Central Bank. In 1969 Commission and EEC head of State propose monetary union «Werner report» by the end of 1970 by «Bretton Woods Systems». But collapsed.

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