The Euro, A Single Currency

Alejandro Fernandez

ENC1101

Professor: Ivan Ruiz

12/7/15

Miami Dade College The Many Benefits of the Euro, a Single Currency The Euro is the single currency shared by 19 of the European Countries, which together make up the Eurozone. The Euro was created in 1999 and was a major step in European integration. It has also been one of its major successes; more than a million citizens of the European Union 's Member countries now use it as their currency and enjoy its benefits of the euro, a single currency. Even though it seems as if the Euro is not functioning, in particular in Greece and Spain as a single currency of Europe, recent research has shown that by continuing an individual currency the Euro has more advantages than individual currency such as: lower transaction costs resulting from exchanging, removing the uncertainty

There is greater 0transparency of prices and lower inflation, increased competition among companies in the Eurozone. There are also merging financial markets and stronger euro. Finally, there will be declining interest rates, a consequence of the above and more stable currency that facilitates economic growth and lower inflation. The euro makes most notable differences and helps to equalize prices across the borders.

In conclusion, we can say that the euros as their single currency have other advantages, such likes as: lower transaction costs resulting from exchanging, removing the uncertainty arising from the exchange and, on the other hand, encouraging people to travel and buy in other countries. The Euro a single currency of the European Union member states is a significant change in the economic. Although some of its member countries are not functioning as they should be, examples are countries like Spain and Greece. Elsewhere, we can set an example like Germany using the euro and how they are flourishing.

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