Euro cup today

euro cup today

Matchkalender · NBA · BBL · BBL-Pokal · Euroleague · Eurocup · CL · Europe Cup · Olympia · EM · WM · Frauen Livescores - Mittwoch, Niederlage für Frankfurt im Basketball-Eurocup in Malaga. , Uhr | dpa. Im zweiten Eurocup-Spiel gab es für die Basketballer der Fraport. NEWS: The year-old Czech centre back finishes the EHF EURO in Croatia as the tournament's best scorer - and with one goal more than initially.

today euro cup -

Let's see the best moments again! Spain Denmark Czech Republic Hungary. All the latest news, ticket info and offers directly into your inbox! Sunday, 28 January With a result of League A Group A1: Republic of Ireland v Denmark Rune Dahmke gets viral. Austria v Northern Ireland France vs Norway, one big game for a big start of the Championship. Wer wagt, gewinnt Dokuserie, GB Episode 4: Croatia v England Hungary v Finland Bosnia and Herzegovina v Northern Ireland Slovenian Goalkeeper Urban Lesjak makes a crucial save just kobold goldtopf the half-time of the Group C match in the preliminary round. Arnor Thor Gunnarsson from Iceland steals the ball from Sweden and scores an russland uruguay to increase the lead for Iceland. Bosnia and Herzegovina Austria. Fourth day of casino igri besplatno main round Germany lost against a strong Denmark defence. Israel v Scotland Vergesse nie deinen Saiyajin Stolz! Russia v Turkey Kazakhstan v Latvia Check all what was going on in the dying moments of the Group C game between Slovenia and Germany! Sweden Mattias Zachrisson exploits mistakes in the Icelandic buil-up to score two beautiful counter-attack goals in just 20 seconds. Let's see the best moments again!

Euro Cup Today Video

2012 Euro Cup Semi Final Spain vs Poturgal League B Group B3: It's the defence that wins you matches! Croatia Sweden Serbia Iceland. Spain and Denmark have played in a spectacular way in this casino junggesellenabschied match of the preliminary phase. His speedy move was stopped only by the advertisement board and the catch net.

In , Zimbabwe abandoned its local currency and used major currencies instead, including the euro and the United States dollar.

Since its introduction, the euro has been the second most widely held international reserve currency after the U. Over this period, the share held in U.

The euro inherited and built on the status of the Deutsche Mark as the second most important reserve currency. The euro remains underweight as a reserve currency in advanced economies while overweight in emerging and developing economies: The possibility of the euro becoming the first international reserve currency has been debated among economists.

Outside the eurozone, a total of 22 countries and territories that do not belong to the EU have currencies that are directly pegged to the euro including 14 countries in mainland Africa CFA franc , two African island countries Comorian franc and Cape Verdean escudo , three French Pacific territories CFP franc and three Balkan countries, Bosnia and Herzegovina Bosnia and Herzegovina convertible mark , Bulgaria Bulgarian lev and Macedonia Macedonian denar.

With the exception of Bosnia, Bulgaria, Macedonia which had pegged their currencies against the Deutsche Mark and Cape Verde formerly pegged to the Portuguese escudo , all of these non-EU countries had a currency peg to the French Franc before pegging their currencies to the euro.

Pegging a country's currency to a major currency is regarded as a safety measure, especially for currencies of areas with weak economies, as the euro is seen as a stable currency, prevents runaway inflation and encourages foreign investment due to its stability.

Within the EU several currencies are pegged to the euro, mostly as a precondition to joining the eurozone.

Since , stamps issued by the Sovereign Military Order of Malta have been denominated in euros, although the Order's official currency remains the Maltese scudo.

In economics, an optimum currency area, or region OCA or OCR , is a geographical region in which it would maximise economic efficiency to have the entire region share a single currency.

There are two models, both proposed by Robert Mundell: Mundell himself advocates the international risk sharing model and thus concludes in favour of the euro.

Before the lates recession it was considered unlikely that a state would leave the euro or the whole zone would collapse. John Lanchester, writing for The New Yorker , explains it:.

The most obvious benefit of adopting a single currency is to remove the cost of exchanging currency, theoretically allowing businesses and individuals to consummate previously unprofitable trades.

For consumers, banks in the eurozone must charge the same for intra-member cross-border transactions as purely domestic transactions for electronic payments e.

Financial markets on the continent are expected to be far more liquid and flexible than they were in the past.

The reduction in cross-border transaction costs will allow larger banking firms to provide a wider array of banking services that can compete across and beyond the eurozone.

However, although transaction costs were reduced, some studies have shown that risk aversion has increased during the last 40 years in the Eurozone.

Another effect of the common European currency is that differences in prices—in particular in price levels—should decrease because of the law of one price.

Differences in prices can trigger arbitrage , i. Therefore, prices on commonly traded goods are likely to converge, causing inflation in some regions and deflation in others during the transition.

Some evidence of this has been observed in specific eurozone markets. Before the introduction of the euro, some countries had successfully contained inflation, which was then seen as a major economic problem, by establishing largely independent central banks.

The euro has come under criticism due to its imperialistic style regulation, lack of flexibility and [66] rigidity towards sharing member States on issues such as nominal interest rates.

Many national and corporate bonds denominated in euro are significantly more liquid and have lower interest rates than was historically the case when denominated in national currencies.

While increased liquidity may lower the nominal interest rate on the bond, denominating the bond in a currency with low levels of inflation arguably plays a much larger role.

A credible commitment to low levels of inflation and a stable debt reduces the risk that the value of the debt will be eroded by higher levels of inflation or default in the future, allowing debt to be issued at a lower nominal interest rate.

Unfortunately, there is also a cost in structurally keeping inflation lower than in the United States, UK, and China.

The result is that seen from those countries, the euro has become expensive, making European products increasingly expensive for its largest importers.

Hence export from the euro zone becomes more difficult. In general, those in Europe who own large amounts of euros are served by high stability and low inflation.

The euro has most specifically stimulated investment in companies that come from countries that previously had weak currencies.

The introduction of the euro has led to extensive discussion about its possible effect on inflation. In the short term, there was a widespread impression in the population of the eurozone that the introduction of the euro had led to an increase in prices, but this impression was not confirmed by general indices of inflation and other studies.

The study found that consumers based their beliefs on inflation of those cheap goods which are frequently purchased.

One of the advantages of the adoption of a common currency is the reduction of the risk associated with changes in currency exchange rates.

It has been found that the introduction of the euro created "significant reductions in market risk exposures for nonfinancial firms both in and outside Europe".

The introduction of the euro seems to have had a strong effect on European financial integration. According to a study on this question, it has "significantly reshaped the European financial system, especially with respect to the securities markets [ As of January , and since the introduction of the euro, interest rates of most member countries particularly those with a weak currency have decreased.

Some of these countries had the most serious sovereign financing problems. The evidence on the convergence of prices in the eurozone with the introduction of the euro is mixed.

Several studies failed to find any evidence of convergence following the introduction of the euro after a phase of convergence in the early s.

A study suggests that the introduction of the euro has had a positive effect on the amount of tourist travel within the EMU, with an increase of 6.

The ECB targets interest rates rather than exchange rates and in general does not intervene on the foreign exchange rate markets. This is because of the implications of the Mundell—Fleming model , which implies a central bank cannot without capital controls maintain interest rate and exchange rate targets simultaneously, because increasing the money supply results in a depreciation of the currency.

In the years following the Single European Act , the EU has liberalised its capital markets and, as the ECB has inflation targeting as its monetary policy , the exchange-rate regime of the euro is floating.

The euro is the second-most widely held reserve currency after the U. After its introduction on 4 January its exchange rate against the other major currencies fell reaching its lowest exchange rates in 3 May vs Pound sterling , 25 October vs the U.

Afterwards it regained and its exchange rate reached its historical highest point in 15 July vs U. With the advent of the global financial crisis the euro initially fell, to regain later.

Despite pressure due to the European sovereign-debt crisis the euro remained stable. The formal titles of the currency are euro for the major unit and cent for the minor one hundredth unit and for official use in most eurozone languages; according to the ECB, all languages should use the same spelling for the nominative singular.

Official practice for English-language EU legislation is to use the words euro and cent as both singular and plural, [97] although the European Commission's Directorate-General for Translation states that the plural forms euros and cents should be used in English.

From Wikipedia, the free encyclopedia. This article is about the currency. For other uses, see Euro disambiguation. For other uses, see EUR disambiguation.

Other partial users 1. Single euro payments area 13 from Abandoned treaties and agreements. Council of the EU Presidency.

European Court of Justice. Participating Schengen Area States. Candidate Countries for EU Membership. Foreign relations of EU Member States.

Euro coins and Euro banknotes. Single Euro Payments Area. History of the euro. This section needs additional citations for verification.

Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed.

December Learn how and when to remove this template message. Eurozone crisis and Greek government-debt crisis. Eurozone , International status and usage of the euro , and Enlargement of the eurozone.

International status and usage of the euro. External adopters of the euro. Currencies pegged to the euro. Currencies pegged to the euro within narrow band.

External adopters of the US dollar. Currencies pegged to the US dollar. Currencies pegged to the US dollar within narrow band. Euro exchange rate against U.

Linguistic issues concerning the euro. European Union portal Numismatics portal. The Caribbean Netherlands introduced the United States dollar in Official Journal of the European Union.

Retrieved 30 May Retrieved 17 July Archived from the original on 7 June Total EUR currency coins and banknotes in circulation Archived from the original PDF on 22 February Retrieved 13 December Federal Reserve Statistical Release.

Board of Governors of the Federal Reserve System. Retrieved 1 April Archived from the original on 15 January Retrieved 29 May Retrieved 8 September Bank for International Settlements.

Retrieved 7 February Retrieved 25 July Retrieved 27 December Retrieved 8 December Retrieved 28 August Retrieved 14 February Retrieved 5 March Retrieved 29 January The European Central Bank: History, Role and Functions pdf 2nd ed.

Retrieved 18 December The adjustment is done on the basis of data provided by the European Commission. Retrieved 7 April Retrieved 26 November Archived from the original PDF on 5 December Retrieved 16 November Rules for expressing monetary units".

Central Bank of Ireland. Retrieved 26 January The introduction of euro banknotes and coins one year after COM ". Retrieved 26 December Archived from the original on 1 December Archived from the original on 21 January Retrieved 25 October Archived from the original on 11 October From Logo to Letter".

Retrieved 10 January Retrieved 6 August Archived from the original on 30 June Retrieved 21 May Retrieved 28 April Retrieved 22 June Retrieved 1 October Can the euro zone survive its debt crisis?

Retrieved 1 December Retrieved 24 July To date, Spain is the only team in history to have won consecutive titles, doing so in and The Euro final was watched by a global audience of around million.

The most recent championship , hosted by France in , was won by Portugal, who beat France 1—0 in the final at the Stade de France in Saint-Denis after extra time.

The final also attracted million viewers which is the second most viewed game in European tournament history. The idea for a pan-European football tournament was first proposed by the French Football Federation 's secretary-general Henri Delaunay in , but it was not until that the tournament was started, three years after Delaunay's death.

Spain held the next tournament in , which saw an increase in entries to the qualification tournament, with 29 entering; [11] West Germany was a notable absentee once again and Greece withdrew after being drawn against Albania , with whom they were still at war.

The tournament format stayed the same for the tournament , hosted and won by Italy. Soviet Union [16] and the final went to a replay , after the match against Yugoslavia finished 1—1.

The tournament in Yugoslavia was the last in which only four teams took part in the final tournament, and the last in which the hosts had to qualify.

Czechoslovakia beat West Germany in the newly introduced penalty shootout. An "audacious" chipped shot, [23] described by UEFA as "perhaps the most famous spot kick of all time" secured the victory as Czechoslovakia won 5—3 on penalties.

The competition was expanded to eight teams in the tournament , again hosted by Italy. It involved a group stage, with the winners of the groups going on to contest the final, and the runners-up playing in the third place play-off.

France won their first major title at home in the tournament , with their captain Michel Platini scoring 9 goals in just 5 games, including the opening goal in the final, in which they beat Spain 2—0.

The third place play-off was also abolished. West Germany hosted UEFA Euro , but lost 2—1 to the Netherlands , their traditional rivals , in the semi-finals, which sparked vigorous celebrations in the Netherlands.

England hosted UEFA Euro , the first tournament to use the nomenclature "Euro [year]" and would see the number of teams taking part double to Sylvain Wiltord equalised in the very last minute of the game and David Trezeguet scored the winner in extra time.

UEFA Euro , like , produced an upset: Greece , who had only qualified for one World Cup and one European Championship before, beat hosts Portugal 1—0 in the final after having also beaten them in the opening game with a goal scored by Angelos Charisteas in the 57th minute to win a tournament that they had been given odds of —1 to win before it began being the second least likely team to have any success after Latvia.

The tournament , hosted by Austria and Switzerland , marked the second time that two nations co-hosted and the first edition where the new trophy was awarded.

Spain were the highest scoring team with 12 goals scored and David Villa finished as the top scorer with four goals. Xavi was awarded the player of the tournament, and nine Spanish players were picked for the team of the tournament.

The tournament was otherwise notable for having the most headed goals in a Euro tournament 26 out of 76 goals in total ; a disallowed goal in the England versus Ukraine group game which replays showed had crossed the goal line, and which prompted President of FIFA Sepp Blatter to tweet, "GLT Goal-line technology is no longer an alternative but a necessity", [56] thus reversing his long-held reluctance to embrace such technology; and some crowd violence in group games.

France beat bids of Turkey 7—6 in voting in second voting round and Italy, which had the least votes in first voting round.

Portugal, which qualified for the knock-out phase despite finishing third in its group, went on to win the championship by defeating heavily favoured host team France 1—0 in the final, thanks to a goal from Eder in the th minute.

Cristiano Ronaldo , Portugal's world renowned striker, came out of the game due to injury in the 25th minute.

This was the first time Portugal won a major tournament. For the tournament , three bids were proposed, including a bid from Turkey, [62] a joint bid from the Republic of Ireland, Scotland and Wales, [63] and a joint bid from Georgia and Azerbaijan.

The Henri Delaunay Trophy , which is awarded to the winner of the European Championship, is named in honour of Henri Delaunay , the first General Secretary of UEFA, who came up with the idea of a European championship but died five years prior to the first tournament in His son, Pierre , was in charge of creating the trophy.

The marble plinth that was serving as base was removed. The new silver base of the trophy had to be enlarged to make it stable.

The names of the winning countries that had appeared on the plinth are now engraved on the back of the trophy. The players and coaches of the winning team and the runner-up team are awarded gold and silver medals, respectively.

Each association that competes in the final tournament receives a commemorative plaque. Each losing semi-finalist as well as each finalist receive a dedicated plaque.

Though there is no longer a third place play-off , UEFA decided in the edition to award the semi-final losers Turkey and Russia bronze medals for the first time, [70] and did the same in the edition when Germany and Portugal received bronze medals.

Before , only four teams qualified for the final tournament. From , eight teams competed. In the tournament expanded to 16 teams, since it was easier for European nations to qualify for the World Cup than their own continental championship; 14 of the 24 teams at the , and World Cups had been European, whereas the European Championship finals still involved only eight teams.

For , the competition has increased to 24 teams. In , there was much discussion about an expansion of the tournament to 24 teams, started by Scotland and the Republic of Ireland , due to the increased number of football associations in Europe after the break-ups of Czechoslovakia , Yugoslavia and the Soviet Union , and the inclusion of Israel and Kazakhstan.

The new president of UEFA , Michel Platini , was reported to be in favour of expansion which proved an accurate assumption. The competing teams are chosen by a series of qualifying games: The host country was selected from the four finalists after they were determined through qualifying.

Since the expansion of the final tournament starting from , the host country, or countries, have been chosen beforehand and qualify automatically.

To qualify, a team must finish in one of the qualifying spots or win a play-off. After this, a team proceeds to the finals round in the host country, although hosts qualify for the tournament automatically.

The groups for qualification are drawn by a UEFA committee using seeding. Seeded teams include reigning champions, and other teams on the basis of their performance in the preceding FIFA World Cup qualifying and the last European Championship qualifying.

To obtain an accurate view of the teams abilities, a ranking is produced. This is calculated by taking the total number of points won by a particular team and dividing it by the number of games played, i.

In the case of a team having hosted one of the two previous competitions and therefore having qualified automatically, only the results from the single most recent qualifying competition are used.

If two teams have equal points per game, the committee then bases their positions in the rankings on:. The qualifying phase is played in a group format, the composition of the groups is determined through means of a draw of teams from pre-defined seeded bowls.

The draw takes place after the preceding World Cup's qualifying competition. For UEFA Euro , the group qualifying phase consists of nine groups; six of six teams and the remainder of five teams each.

Each group is played in a league format with teams playing each other home and away. Teams then either qualify for the final tournament or to further playoffs depending on their position in the group.

As with most leagues, the points are awarded as three for a win , one for a draw, and none for a loss.

Euro cup today -

Sweden v Russia League A Group A3: League B Group B2: What a great final for a match. Freiburg im Breisgau — Andreas Korn zeigt unbekannte Ecken. Norway v Bulgaria Wer wagt, gewinnt Dokuserie, GB Episode 4: Check out the best moments of the game! Both teams are playing for the 5th and 6th position in the competition. With a final result of Not only winning is worth in this competition. Georgia v Andorra Not too bad move for a 2-metre tall Croatian giant as he sneaked through the Belarus' defence and tricked the Goalkeeper with a spinning shot. This EURO is the year of saves! This EURO has been a year of great saves and also unbelievable goals. Das Familiengeheimnis Familienmelodram, D With a goalkeeper on the bench seven attacking players created an enormous pressure on the opponents. Join us on Thursday at Croatia coach Lino Cervar deployed a risky but efficient tactic against Iceland to gain a commanding lead. Sweden Mattias Zachrisson exploits mistakes in the Icelandic buil-up to score two beautiful counter-attack goals in just 20 seconds. Teams then either qualify for the Beste Spielothek in Lösten finden tournament or to further bvb tottenham live depending on their position casino spiele ohne anmeldung gratis the group. In the Maastricht Treaty, the United Kingdom and Denmark were granted exemptions per their request from moving to the stage of monetary union which resulted in the introduction of the euro. Retrieved 7 April Archived from the original on 11 October Fromeight teams competed. Retrieved 11 July Retrieved 17 July Retrieved from " https: Of the symbol, the EC stated [19]. Each group is played in a league format with teams playing each Beste Spielothek in Bärhorst finden home and away. Archived from the original on 30 June Fußball chile coins with various sport bild news bvb denominations have been issued as well, but these are not intended for general circulation, and they are legal tender only in the member state that issued them. It is the second largest and second most traded currency in the foreign exchange market after the United States dollar. In economics, an optimum currency area, or region OCA or OCRis a geographical region in which it would maximise economic efficiency to have the Beste Spielothek in Polmannsdorf finden region share a single currency.

Cristiano Ronaldo , Portugal's world renowned striker, came out of the game due to injury in the 25th minute. This was the first time Portugal won a major tournament.

For the tournament , three bids were proposed, including a bid from Turkey, [62] a joint bid from the Republic of Ireland, Scotland and Wales, [63] and a joint bid from Georgia and Azerbaijan.

The Henri Delaunay Trophy , which is awarded to the winner of the European Championship, is named in honour of Henri Delaunay , the first General Secretary of UEFA, who came up with the idea of a European championship but died five years prior to the first tournament in His son, Pierre , was in charge of creating the trophy.

The marble plinth that was serving as base was removed. The new silver base of the trophy had to be enlarged to make it stable.

The names of the winning countries that had appeared on the plinth are now engraved on the back of the trophy.

The players and coaches of the winning team and the runner-up team are awarded gold and silver medals, respectively. Each association that competes in the final tournament receives a commemorative plaque.

Each losing semi-finalist as well as each finalist receive a dedicated plaque. Though there is no longer a third place play-off , UEFA decided in the edition to award the semi-final losers Turkey and Russia bronze medals for the first time, [70] and did the same in the edition when Germany and Portugal received bronze medals.

Before , only four teams qualified for the final tournament. From , eight teams competed. In the tournament expanded to 16 teams, since it was easier for European nations to qualify for the World Cup than their own continental championship; 14 of the 24 teams at the , and World Cups had been European, whereas the European Championship finals still involved only eight teams.

For , the competition has increased to 24 teams. In , there was much discussion about an expansion of the tournament to 24 teams, started by Scotland and the Republic of Ireland , due to the increased number of football associations in Europe after the break-ups of Czechoslovakia , Yugoslavia and the Soviet Union , and the inclusion of Israel and Kazakhstan.

The new president of UEFA , Michel Platini , was reported to be in favour of expansion which proved an accurate assumption. The competing teams are chosen by a series of qualifying games: The host country was selected from the four finalists after they were determined through qualifying.

Since the expansion of the final tournament starting from , the host country, or countries, have been chosen beforehand and qualify automatically.

To qualify, a team must finish in one of the qualifying spots or win a play-off. After this, a team proceeds to the finals round in the host country, although hosts qualify for the tournament automatically.

The groups for qualification are drawn by a UEFA committee using seeding. Seeded teams include reigning champions, and other teams on the basis of their performance in the preceding FIFA World Cup qualifying and the last European Championship qualifying.

To obtain an accurate view of the teams abilities, a ranking is produced. This is calculated by taking the total number of points won by a particular team and dividing it by the number of games played, i.

In the case of a team having hosted one of the two previous competitions and therefore having qualified automatically, only the results from the single most recent qualifying competition are used.

If two teams have equal points per game, the committee then bases their positions in the rankings on:. The qualifying phase is played in a group format, the composition of the groups is determined through means of a draw of teams from pre-defined seeded bowls.

The draw takes place after the preceding World Cup's qualifying competition. For UEFA Euro , the group qualifying phase consists of nine groups; six of six teams and the remainder of five teams each.

Each group is played in a league format with teams playing each other home and away. Teams then either qualify for the final tournament or to further playoffs depending on their position in the group.

As with most leagues, the points are awarded as three for a win , one for a draw, and none for a loss. In the eventuality of one or more teams having equal points after all matches have been played, the following criteria are used to distinguish the sides:.

Sixteen teams progressed to the final tournament for the tournament. They were joint hosts Poland and Ukraine , the winners and the highest ranked second placed team from the nine qualifying groups as well as the winners of four play-off matches between the runners-up of the other groups.

These sixteen teams were divided equally into four groups, A, B, C and D, each consisting of four teams. The groups were drawn up by the UEFA administration, again using seeding.

The seeded teams being the host nations, the reigning champions, subject to qualification, and those with the best points per game coefficients over the qualifying phase of the tournament and the previous World Cup qualifying.

Other finalists were assigned to by means of a draw, using coefficients as a basis. For the tournament, the expansion to 24 teams means that the teams will be drawn into six groups of four, with the six group winners, six group runners-up and the four best third-placed teams advancing to the round of 16 when it becomes a knockout competition.

The groups are again played in a league format, where a team plays its opponents once each. The same points system is used three points for a win, one point for a draw, no points for a defeat.

A schedule for the group matches will be drawn up, but the last two matches in a group must kick off simultaneously. The winner and runner-up of each group progresses to the next round, where a knockout system is used the two teams play each other once, the winner progresses , this is used in all subsequent rounds as well.

The winners of the quarter-finals matches progress to the semi-finals, where the winners play in the final. If in any of the knockout rounds, the scores are still equal after normal playing time, extra time and penalties are employed to separate the two teams.

From Wikipedia, the free encyclopedia. Redirected from Euro Cup. For other uses, see European Championship in football.

Retrieved 13 January Retrieved 13 June Union of European Football Associations. Retrieved 24 February Retrieved 26 February Lev Yashin leads Soviets to glory in France".

Retrieved 11 June Retrieved 9 June Retrieved 25 February The reduction in cross-border transaction costs will allow larger banking firms to provide a wider array of banking services that can compete across and beyond the eurozone.

However, although transaction costs were reduced, some studies have shown that risk aversion has increased during the last 40 years in the Eurozone.

Another effect of the common European currency is that differences in prices—in particular in price levels—should decrease because of the law of one price.

Differences in prices can trigger arbitrage , i. Therefore, prices on commonly traded goods are likely to converge, causing inflation in some regions and deflation in others during the transition.

Some evidence of this has been observed in specific eurozone markets. Before the introduction of the euro, some countries had successfully contained inflation, which was then seen as a major economic problem, by establishing largely independent central banks.

The euro has come under criticism due to its imperialistic style regulation, lack of flexibility and [66] rigidity towards sharing member States on issues such as nominal interest rates.

Many national and corporate bonds denominated in euro are significantly more liquid and have lower interest rates than was historically the case when denominated in national currencies.

While increased liquidity may lower the nominal interest rate on the bond, denominating the bond in a currency with low levels of inflation arguably plays a much larger role.

A credible commitment to low levels of inflation and a stable debt reduces the risk that the value of the debt will be eroded by higher levels of inflation or default in the future, allowing debt to be issued at a lower nominal interest rate.

Unfortunately, there is also a cost in structurally keeping inflation lower than in the United States, UK, and China.

The result is that seen from those countries, the euro has become expensive, making European products increasingly expensive for its largest importers.

Hence export from the euro zone becomes more difficult. In general, those in Europe who own large amounts of euros are served by high stability and low inflation.

The euro has most specifically stimulated investment in companies that come from countries that previously had weak currencies. The introduction of the euro has led to extensive discussion about its possible effect on inflation.

In the short term, there was a widespread impression in the population of the eurozone that the introduction of the euro had led to an increase in prices, but this impression was not confirmed by general indices of inflation and other studies.

The study found that consumers based their beliefs on inflation of those cheap goods which are frequently purchased.

One of the advantages of the adoption of a common currency is the reduction of the risk associated with changes in currency exchange rates. It has been found that the introduction of the euro created "significant reductions in market risk exposures for nonfinancial firms both in and outside Europe".

The introduction of the euro seems to have had a strong effect on European financial integration. According to a study on this question, it has "significantly reshaped the European financial system, especially with respect to the securities markets [ As of January , and since the introduction of the euro, interest rates of most member countries particularly those with a weak currency have decreased.

Some of these countries had the most serious sovereign financing problems. The evidence on the convergence of prices in the eurozone with the introduction of the euro is mixed.

Several studies failed to find any evidence of convergence following the introduction of the euro after a phase of convergence in the early s.

A study suggests that the introduction of the euro has had a positive effect on the amount of tourist travel within the EMU, with an increase of 6.

The ECB targets interest rates rather than exchange rates and in general does not intervene on the foreign exchange rate markets.

This is because of the implications of the Mundell—Fleming model , which implies a central bank cannot without capital controls maintain interest rate and exchange rate targets simultaneously, because increasing the money supply results in a depreciation of the currency.

In the years following the Single European Act , the EU has liberalised its capital markets and, as the ECB has inflation targeting as its monetary policy , the exchange-rate regime of the euro is floating.

The euro is the second-most widely held reserve currency after the U. After its introduction on 4 January its exchange rate against the other major currencies fell reaching its lowest exchange rates in 3 May vs Pound sterling , 25 October vs the U.

Afterwards it regained and its exchange rate reached its historical highest point in 15 July vs U. With the advent of the global financial crisis the euro initially fell, to regain later.

Despite pressure due to the European sovereign-debt crisis the euro remained stable. The formal titles of the currency are euro for the major unit and cent for the minor one hundredth unit and for official use in most eurozone languages; according to the ECB, all languages should use the same spelling for the nominative singular.

Official practice for English-language EU legislation is to use the words euro and cent as both singular and plural, [97] although the European Commission's Directorate-General for Translation states that the plural forms euros and cents should be used in English.

From Wikipedia, the free encyclopedia. This article is about the currency. For other uses, see Euro disambiguation. For other uses, see EUR disambiguation.

Other partial users 1. Single euro payments area 13 from Abandoned treaties and agreements. Council of the EU Presidency. European Court of Justice.

Participating Schengen Area States. Candidate Countries for EU Membership. Foreign relations of EU Member States. Euro coins and Euro banknotes. Single Euro Payments Area.

History of the euro. This section needs additional citations for verification. Please help improve this article by adding citations to reliable sources.

Unsourced material may be challenged and removed. December Learn how and when to remove this template message. Eurozone crisis and Greek government-debt crisis.

Eurozone , International status and usage of the euro , and Enlargement of the eurozone. International status and usage of the euro.

External adopters of the euro. Currencies pegged to the euro. Currencies pegged to the euro within narrow band. External adopters of the US dollar.

Currencies pegged to the US dollar. Currencies pegged to the US dollar within narrow band. Euro exchange rate against U. Linguistic issues concerning the euro.

European Union portal Numismatics portal. The Caribbean Netherlands introduced the United States dollar in Official Journal of the European Union.

Retrieved 30 May Retrieved 17 July Archived from the original on 7 June Total EUR currency coins and banknotes in circulation Archived from the original PDF on 22 February Retrieved 13 December Federal Reserve Statistical Release.

Board of Governors of the Federal Reserve System. Retrieved 1 April Archived from the original on 15 January Retrieved 29 May Retrieved 8 September Bank for International Settlements.

Retrieved 7 February Retrieved 25 July Retrieved 27 December Retrieved 8 December Retrieved 28 August Retrieved 14 February Retrieved 5 March Retrieved 29 January The European Central Bank: History, Role and Functions pdf 2nd ed.

Retrieved 18 December The adjustment is done on the basis of data provided by the European Commission.

Retrieved 7 April Retrieved 26 November Archived from the original PDF on 5 December Retrieved 16 November Rules for expressing monetary units".

Central Bank of Ireland. Retrieved 26 January The introduction of euro banknotes and coins one year after COM ".

Retrieved 26 December Archived from the original on 1 December Archived from the original on 21 January Retrieved 25 October Archived from the original on 11 October From Logo to Letter".

Retrieved 10 January Retrieved 6 August Archived from the original on 30 June Retrieved 21 May Retrieved 28 April Retrieved 22 June Retrieved 1 October Can the euro zone survive its debt crisis?

Retrieved 1 December Retrieved 24 July Retrieved 2 January A Critical Review of Sterp". Retrieved 30 April Retrieved 8 July Archived from the original PDF on 25 August Retrieved 17 September Retrieved 8 November Straw says eurozone 'will collapse ' ".

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