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The euro is the result of the European Union's project for economic and monetary union that came fully into being on 1 January 2002 and it is now the currency used by the majority of the European Union's member states, with all but Denmark (which has an opt-out in the EU treaties) bound to adopt it.
7–12 June: 2024 European Athletics Championships [13] 8-9 June: 2024 Italian local elections; 9 June: 2024 European Parliament election in Italy: The Brothers of Italy party led by Prime Minister Giorgia Meloni emerges as the largest party in the Italian contingent to the European Parliament. [14] 9 June: 2024 Piedmontese regional election
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The lira was the official unit of currency in Italy until 1 January 1999, when it was replaced by the euro (the lira was officially a national subunit of the euro until the rollout of euro coins and notes in 2002). Old lira denominated currency ceased to be legal tender on 28 February 2002. The conversion rate was Lit 1,936.27 to the euro. [13]
This page was last edited on 9 October 2014, at 00:27 (UTC).; Text is available under the
The euro sign (€) is the currency sign used for the euro, the official currency of the eurozone and adopted, although not required to, by Kosovo and Montenegro. The design was presented to the public by the European Commission on 12 December 1996. It consists of a stylized letter E (or epsilon), crossed by two lines instead of one.
In the Q1 (1st quarter) of 2009, Italy's economy contracted by 4.9%, a greater contraction than the predictions of the Italian government, which believed that it would be of at most 4.8%. [72] The Q2 (2nd quarter) saw a smaller decrease in GDP, more or less that of −1%, and by the Q3 (3rd quarter), the economy began to re-grow slightly, with ...