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Contents Page Sub-heading Page What is the Euro? 2 What is Economic and Monetary union? 2 What determines the external value of the Euro? 2 What Monetary and financial precepts do participating states have to follow? 2 So how does it work? 3 Why is the Euro in trouble? 3 Why did the Euro get so weak? 3 Why does everybody criticise the European Central Bank? 3-4 So that's it for the Euro, then? 4 Does monetary union bring any advantages at all? 4-5 And what do the Euro critics say? 5 Personal views 5 Bibliography 6 What is the euro? The euro is the single currency of the European Monetary Union, which was adopted by 11 Member States from 1 January 1999. The 11 Member States are Belgium, Germany, Spain, France, Ireland, Italy, Luxembourg, the Netherlands, Austria, Portugal and Finland. Greece became the 12th Member State to adopt the Euro on 1 January 2001. The name "euro" was chosen by the European Heads of State or Government at the European Council meeting in Madrid in December 1995. What is...

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