POST COLD WAR WORLD
INTEGRATION OF EUROPE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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European Union
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Revitalize
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Maastricht Treaty
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European Economic Community
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Treaty of Lisbon
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Detailed explanation-1: -The European Economic and Monetary Union (EMU) involves the coordination of economic and fiscal policies, a common monetary policy, and a common currency, the euro among 19 Eurozone nations. The decision to form the EMU was adopted by Treaty of the European Council in the Dutch city of Maastricht in 1992 .
Detailed explanation-2: -Currently, the euro (€) is the official currency of 20 out of 27 EU member countries which together constitute the Eurozone, officially called the euro area.
Detailed explanation-3: -The formation of the European Union (EU) paved the way for a unified, multi-country financial system under a single currency-the euro. While most EU member nations agreed to adopt the euro, a few, such as Denmark and Sweden (among others), have decided to stick with their own legacy currencies.
Detailed explanation-4: -On Jan. 1, 1999, the European Union introduced its new currency, the euro. 1 The euro was created to promote growth, stability, and economic integration in Europe. Originally, the euro was an overarching currency used for exchange between countries within the union.
Detailed explanation-5: -European Union – Economy Euro is used as the common currency in the Eurozone. Euro is the 2nd most traded currency in the world.