Entity: EURO
EURO is the common basic monetary unit of most countries in the European Union. It is also used as a combining form to refer to western European countries, particularly in the context of the European financial market or the European Economic Community.
EURO
Etymology
The term EURO is a shortening of European and is used as a combining form, especially in reference to western European countries.
Definition
EURO is the common basic monetary unit of most countries in the European Union. It is also used to describe western European countries in certain contexts.
Historical Context
The EURO was introduced as an accounting currency in 1999 and physical euro coins and banknotes were introduced in 2002, replacing the former national currencies of participating EU countries.
Cultural Significance
The EURO plays a significant role in the economic and financial integration of European countries. It symbolizes unity and cooperation among EU member states.
Related Concepts
- European Union
- European Economic Community
See Also
- European Central Bank
- Eurozone
A widely-used currency in most European Union countries and a term used to describe western European countries in certain contexts.