Euro
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The euro is the common currency in continental Europe today. Use of the euro began in January 2002. It is the counterpart to the dollar in the United States.
In the United Kingdom the currency is still the pound, but there is pressure to convert to the euro that is used throughout continental Europe. Conservatives in England (Tories)resist converting to the European currency because it represents a loss in sovereignty and control to rely on someone else's currency. In particular, there is fear of England becoming dependent on the fiscal policies of the larger combination of Germany, Italy, and France.