Summarized+chronolgy+of+the+Eurozone+development

= =

=**Overview on the Eurozone development **=

 The **European Monetary System** was funded in **1979**, and during March of the same year the **ECU** was launched, the basket made up of the European currencies.

The project about the Monetary Union went along until **January the 1999** when the **Euro** was finally launched and adopted by **Austria, Belgium, Finland, France, Germany, Ireland, Italy, Luxembourg, the Netherlands, Portugal and Spain**; **Greece** joined on 1st January **2001**.

The excitement felt in many countries for the new unique currency was not shared by everyone, as, for example the Danish population, that, on the 28th of August 2000 rejected the possibility to adopt the Euro as the national currency. UK opted out from the Eurozone (Euroland) as well, at the same time Sweden does not meet the criteria regarding the independence of its central bank. 
 * The First of January 2002 the Euro coins and banknotes started to circulate in 12 members of the Eurozone. **

**Eurozone Map**
Source: [|http://www.ecb.int], retrived the 14.03.2009, []

 Sources:  
 * [|http://www.ecb.int]
 *  []
 *  []

//Back to Extra information // 

<span style="font-size: 90%; color: rgb(0, 0, 128); font-family: Georgia,serif;"><span style="color: rgb(0, 0, 128);"> //RPP// <span style="color: rgb(0, 0, 128); font-family: Georgia,serif;">