The Euro

The Euro was created in 1957 to help with trade and commerce among European countries. The exchange costs were eliminated along with the fluctuation risks, because with one currency nothing has to change. The Euro provides greater security it is also a sign of European unity. There are currently twenty-three countries that use the Euro. These countries include Andorra, Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Kosovo, Luxembourg, Malta, Monaco, Montenegro, Netherlands, Portugal, San Marino, Slovakia, Slovenia, Spain and the Vatican City. There are eleven countries that do not use the Euro. These countries include Bulgaria,Croatia, Czech Republic, Denmark, Hungary, Latvia, Lithuania, Poland, Romania, Sweden, and the United Kingdom. Germany has the strongest European economy, so it is very invested in the European economy. The exchange rates between the United States and Euro using countries is very high, and the Euro is currently struggling. Europe's economy is very weak, and many countries are in serious financial trouble. It is difficult to say what the future of the Euro will be.

http://ec.europa.eu/economy_finance/euro/why/