1998-2009 : Single currency

Single Currency

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  • 1998-2009 : Single currency

From 1998 to 2009

The common currency was adopted in May 1998. The governments committed themselves to respecting the common rules intended to maintain monetary stability. Eleven countries met the requirements to join the Euro group.

Euros entered into circulation through the ECB in Frankfurt on 1 January 2002. With initiatives such as Erasmus, which had already allowed millions of students to participate in university exchanges, Europe wanted to encourage a true spirit of citizenship.

But despite its role in the Eastern countries’ evolution towards democracy, the Union faced protests both from alter-globalization groups and the defiance of citizens who no longer believed in its plans for the future.

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