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The enlargement of the eurozone is an ongoing process within the European Union (EU).All member states of the European Union, except Denmark which negotiated an opt-out from the provisions, are obliged to adopt the euro as their sole currency once they meet the criteria, which include: complying with the debt and deficit criteria outlined by the Stability and Growth Pact, keeping inflation and ...
The first enlargement of the eurozone, to Greece, took place on 1 January 2001, one year before the euro physically entered into circulation. The next enlargements were to states which joined the EU in 2004 , and then joined the eurozone on 1 January of the year noted: Slovenia in 2007, Cyprus in 2008, Malta in 2008, Slovakia in 2009, Estonia ...
The euro area crisis, often also referred to as the eurozone crisis, European debt crisis or European sovereign debt crisis, was a multi-year debt and financial crisis that took place in the European Union (EU) from 2009 until the mid to late 2010s.
Fourth Enlargement: 1 January 1995: the above, Austria, Sweden, Finland: the above: the above 1 July 1997: the above: the above: the above, without Hong Kong [AC] 20 December 1999: the above: the above: the above, without Macau [AC] 20 May 2002: the above: the above: the above, without the newly independent East Timor 7: Fifth Enlargement [79 ...
Past enlargement since the foundation of the European Union as the European Economic Community by the Inner Six states in 1958 [7] brought total membership of the EU to twenty-eight, although as a result of the withdrawal of the United Kingdom, the current number of EU member states is twenty-seven.
Public debt $ and %GDP (2010) for selected European countries Government debt of Eurozone, Germany and crisis countries compared to Eurozone GDP. The European debt crisis, often also referred to as the eurozone crisis or the European sovereign debt crisis, was a multi-year debt crisis that took place in the European Union (EU) from 2009 until the mid to late 2010s that made it difficult or ...
The eurozone of the European Union (EU) consists of those 19 EU member-states where the euro is the official currency. It is managed by the Eurosystem , the Eurogroup and the Euro summit . Subcategories
2. ^ German reunification in 1990 led to the inclusion of the territory of the former German Democratic Republic. This enlargement is not explicitly mentioned. Data for Germany in all tables is from current statistics. 3. ^ Greenland left the EC in 1985. 4. ^ Officially the whole of Cyprus lies within the European Union. "In light of Protocol ...