Difference between revisions of "Euro"
(actually is fact.) |
(Changed "continental Europe" to EU (includes Ireland) and added exchange rates.) |
||
| Line 1: | Line 1: | ||
| − | The euro is the common [[currency]] in | + | The euro is the common [[currency]] in the [[European Union]] today. Use of the euro began in January 2002, and 12 nations switched their currency immediately to the euro. 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 Europe. Many conservatives in England ([[Tories]])resist conversion to the European currency because a reliance on someone else's currency represents a loss in sovereignty and control. In particular, there is fear of England becoming dependent on the fiscal policies of the larger combination of Germany, Italy, and France. | In the United Kingdom the currency is still the [[pound]], but there is pressure to convert to the euro that is used throughout Europe. Many conservatives in England ([[Tories]])resist conversion to the European currency because a reliance on someone else's currency represents a loss in sovereignty and control. In particular, there is fear of England becoming dependent on the fiscal policies of the larger combination of Germany, Italy, and France. | ||
| − | + | By the end of 2006, after about five years of the euro, a French magazine reported that 52% of the French feel that the euro is a "bad thing". French workers now blame the euro for price hikes and job losses. 71% of French [[blue-collar workers]] say the euro has hurt them personally. The Telegraph, 12-27-06. | |
| + | |||
| + | As of March 2007, the euro is worth approximately US$1.30 or GB£0.70. | ||
Revision as of 14:20, March 15, 2007
The euro is the common currency in the European Union today. Use of the euro began in January 2002, and 12 nations switched their currency immediately to the euro. 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 Europe. Many conservatives in England (Tories)resist conversion to the European currency because a reliance on someone else's currency represents a loss in sovereignty and control. In particular, there is fear of England becoming dependent on the fiscal policies of the larger combination of Germany, Italy, and France.
By the end of 2006, after about five years of the euro, a French magazine reported that 52% of the French feel that the euro is a "bad thing". French workers now blame the euro for price hikes and job losses. 71% of French blue-collar workers say the euro has hurt them personally. The Telegraph, 12-27-06.
As of March 2007, the euro is worth approximately US$1.30 or GB£0.70.
