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Chronology of the euro

Chronology of the euro

The euro celebrates its 10th anniversary on Jan. 1. Here are key dates:
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_ 1970: The Werner Report, named for Luxembourg's joint prime minister and finance minister at the time, outlines a plan for a European monetary union.
_ 1978: The European Monetary System _ with an exchange rate mechanism and European Currency Unit _ is launched.
_ 1992: Maastricht Treaty lays out timetable and criteria for joining the euro. EU members Denmark and Britain given permission to opt out.
_ 1994: The European Monetary Institute, forerunner of the European Central Bank, launched.
_ 1997: The Stability and Growth Pact agreed on to ensure countries using the euro will support it with budgetary discipline.
_ June 1, 1998: The ECB begins operations.
_ Dec. 31, 1998: Exchange rates between the euro and the currencies of first 11 countries are fixed.
_ Jan. 1, 1999: The euro is officially launched on financial markets; national notes and coins continue to circulate.
_ Jan. 1, 2001: Greece joins the euro zone.
_ Jan. 1, 2002: Euro bank notes and coins are rolled out.
_ September 2003: Swedes vote against adopting the euro.
_ Jan. 1, 2007: Slovenia becomes the 13 country to join.
_ Jan. 1, 2008: Cyprus and Malta join.
_ Jan. 1, 2009: Slovakia joins.
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Source: European Commission, Directorate-General for Economic and Financial Affairs


Updated : 2021-04-17 02:54 GMT+08:00