WORLD HISTORY

Detailed explanation-1: -The instability and uncertainty of nominal exchange rates are much lower as a result of the single currency use. Thus, the costs of transaction and hedging are low. There is an increase in trade and commerce in the intra-eurozone countries without any reported diversion of trade.

Detailed explanation-2: -the euro makes it easier, cheaper and safer for businesses to buy and sell within the euro area and to trade with the rest of the world. improved economic stability and growth. better integrated and therefore more efficient financial markets. greater influence in the global economy.

Detailed explanation-3: -Those are Belgium, Germany, France, Greece, Italy, the Netherlands, Portugal and Spain. Each country profile begins by showing the effects of the introduction of the euro on the prosperity of each country over the whole period since introduction, both per capita and for the economy as a whole.

Detailed explanation-4: -with the EU The shorter the physical distance between countries, the lower the trade costs. Low trade costs lead to larger trade flows. Without the EU, the distance between countries would increase due to higher trade costs.