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... One of the ways this was done was by creating the Euro(1). ... The purpose of the bank was to keep the price of the Euro stable (3). On January 1, 1999 the exchange rates were set for all the countries that wanted to convert to the Euro (1). The Euro went into circulation on January 1, 2002, and the currency of each country slowly went out of circulation (4).
Currently twelve member states of the European Union use the Euro. ... Denmark, Sweden, and the United Kingdom are currently in The European Union, but do not use the Euro as their currency. Denmark’s currency, the krone, is linked to the Euro, but the exchange rate in not constant (2). ... Of the thirty, two were chosen and the “President of the Commission, Jacques Santer, and the European Commissioner in charge of the euro, Yves-Thibault de Silguy, made their final choice (8).
Approximate Word count = 620
Approximate Pages = 2.5
(250 words per page double spaced)
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