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.
Collins Dictionary of Law © W.J. Stewart, 2006
References in periodicals archive ?
Taxpayers with European operations should reconsider the transfer pricing systems currently in place in light of the transition to a single European currency. The euro affects inter-company pricing structures in three ways.
Struggling to meet conditions of the Maastricht treaty (which mandates a national budget deficit of no more than 3 percent) for a single European currency by 1998, the German government has slashed public spending, including arts funding.
He is also keen to ditch the single European currency for the foreseeable future.
Also, the court said the German parliament would have to be consulted before a German government proceeds with a transition to a single European currency. EC President Jacques Delors was hopeful final Maastricht ratification would provide new impetus to fight unemployment and economic stagnation in Europe.
DANISH VOTE ON SINGLE EUROPEAN CURRENCY HEIGHTENS DEMAND FOR MARK
The new jump by the single European currency came after the European central bank set the euro, on Thursday, at USD 1.054.
David Cameron said the public poll on July 5 was essentially an "in/out" vote on whether the deeply-indebted country should leave the single European currency.
The single European currency was sold for other major currencies amid persistent uncertainties over the eurozone debt crisis, although European nations have agreed on a bailout plan for financially troubled Spain, dealers said.
2003: Chancellor Gordon Brown gave his verdict on Britain joining the single European currency, saying: 'Not yet - but not never.'
IN EARLY December,I wrote to the Prime Minister seeking his reasons for refusing to hold a referendum on the single European currency, thereby abandoning his earlier commitment to the electorate to uphold and safeguard the democratic freedom of our nation.
Support in Sweden for joining the single European currency has risen to its highest level since January, according to a recent poll.
In 1992 the European Union member states ratified the Maastricht Treaty, and in doing so agreed that one of the principle objectives of the EU was to introduce a single European currency by the end of 1999.

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