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euro

euro Single currency unit of the European Union (EU). The Maastricht Treaty (1992) established a timetable for economic and monetary union (EMU). A European Currency Unit (ECU) acted as a theoretical unit until the birth of the Euro on January 1, 1999. In this first stage, 11 member states (Austria, Belgium, Finland, France, Germany, Ireland, Italy, Luxembourg, Netherlands, Portugal, and Spain) fixed their exchange rates against each other and against the euro. International financial transactions began to be calculated in euros and the European Central Bank took control of a single monetary policy. In a ‘second wave’, the euro entered public circulation on January 1, 2002, and circulated alongside national currencies for six months, after which national currencies were abolished. Denmark, Sweden, Greece, and the UK ‘opted out’ of the first wave. See also European Monetary System (EMS); Exchange Rate Mechanism (ERM)

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euro

eu·ro1 / ˈyərō; ˈyoŏrō/ • n. (pl. eu·ros or eu·ro) (also Eu·ro) the single European currency adopted in 1999 by eleven countries in the European Union (Belgium, Austria, Finland, Spain, Ireland, Portugal, Germany, France, Netherlands, Italy, Luxembourg) as an alternative currency in noncash transactions. In 2002 it replaced the national currencies of twelve member countries (the original eleven, plus Greece). (Symbol: )

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euro

euro the single European currency, introduced in parts of the European Union in 1999.

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euro

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euro

euroarrow, barrow, farrow, harrow, Jarrow, marrow, narrow, sparrow, taro, tarot, Varro, yarrow •gabbro • Avogadro • Afro • aggro •macro • cilantro • Castro •wheelbarrow •Faro, Kilimanjaro, Pissarro, Pizarro, Tupamaro •Pedro • allegro • hedgerow • velcro •escrow •metro, retro •electro • Jethro •bolero, caballero, dinero, Faeroe, pharaoh, ranchero, sombrero, torero •scarecrow • Ebro •Montenegro, Negro •repro • in vitro • Pyrrho • synchro •windrow • impro • intro • bistro •Babygro • McEnroe •biro, Cairo, giro, gyro, tyro •fibro • micro • maestro •borrow, Corot, morrow, sorrow, tomorrow •cockcrow • cointreau •Moro, Sapporo, Thoreau •Mindoro • Yamoussoukro •Woodrow •burro, burrow, furrow •upthrow •De Niro, hero, Nero, Pierrot, Pinero, Rio de Janeiro, sub-zero, zero •bureau, chiaroscuro, Douro, enduro, euro, Ishiguro, Oruro, Truro •Politburo • guacharo • Diderot •vigoro • Prospero • Cicero • in utero •Devereux • Jivaro • overthrow

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EURO

EURO (ˈjʊərəʊ) European Regional Office (of the FAO)

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