euro

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euro

the European currency unit, a single currency for certain members (not the UK at the time of writing) of the EUROPEAN UNION. It represents progress towards economic and monetary union. The currency is managed by the EUROPEAN CENTRAL BANK.
References in periodicals archive ?
If no agreement is reached by the end of the month, financial markets think Greece might have little option but to default and stop using the euro currency.
Head of the Austrian National Bank (OeNB) Ewald Nowotny said that it was important to keep the euro currency issue away from the formation of new EU contracts.
He added that DSI's exposure to the Euro currency through its German subsidiary also contributed to a decline in earnings, with volatile fluctuations in the exchange rate the root cause of the problem.
"In my opinion the GCC countries have many lessons to learn from the Euro currency crisis.
A further 13 European countries are lining up to join the EU by 2004 with adoption of the euro currency likely to follow and, elsewhere in the world, many other issuers are poised to adopt the technologies and specifications set by the ECB for the euro.
Replying to questions of the AA ahead of G-20 Summit to be held in Cannes, Schmid said that EU had been established as a single voice of countries and EU countries started to use euro currency to be influential in economy.
As a reporter in Paris over the next decade, he covered economics, including notably the birth of the euro currency. In 2000, he was appointed to New York to cover the U.S.
Summary: David Cameron has said that European leaders still have work to do to ensure the future of the euro currency.
Greece's latest credit rating downgrade will not create any new uncertainty for the euro currency, German Economy Minister Rainer Bruederle said on Tuesday.
The Euro currency was always a fancy, theoretical, notion anyway.
We have to be thankful that we never adopted the euro currency. Why do the Liberal Democrats still feel that we should take this gamble?
Both the European Union and the 16 EU countries sharing the euro currency posted positive growth, at 0.2 per cent and 0.4 per cent, respectively.