What are the pros and cons of joining the eurozone? Please, thank you

The euro launch project is huge, and according to economists' calculations, the cost of the euro alone from its issuance to its use is as high as 160 billion euros to 180 billion euros. However, the benefits to the EU from the launch of the euro will be incalculable. After the implementation of the unified currency, it not only saves huge transaction costs, but also enables the optimal allocation of talents, capital, technology and resources, so as to obtain the greatest economic benefits.

According to preliminary estimates, a single currency will soon double the amount of intra-Europe**, or even triple its original amount. The euro facilitates the choice of goods from 12 countries, saving an average of 12 per cent on costs. For example, salmon in Spain is only 61% of the average**, while in Denmark it is as high as 133% of the average; Cheese is 2 times cheaper in the Netherlands than in Italy; Potatoes in Ireland are twice as cheap as in Denmark.

Second, it will help the EU resist the economic crisis and win huge strategic benefits for the EU. Since its inception, the euro has been in the shadow of the dollar. However, in the long run, the EU's economic strength is strong, the fiscal balance of payments, the balance of payments surplus, and the monetary policy is oriented to stability, and the value of the euro is gradually returning after the materialization, and the euro has the conditions to become a strong currency.

With the continuous expansion of the euro area, and about 55 countries of the European Union** partners, including some African countries, will join the use of the euro one after another, so the euro has great potential after entering circulation, and it is entirely possible to form a rivalry with the US dollar, which will help reduce the risk of the international foreign exchange market. Thirdly, the use of the euro promotes not only the integration of the European economy, but also the integration of European societies and cultures. The large movement of people without borders, identities and currencies allows local people to communicate, discuss, express and live better.

This kind of cultural interpenetration between countries gives Europeans the feeling of living under the same "roof" and a community with a shared future in a "new Europe". The euro is a natural new driver of European integration.

The advantage is that you can huddle together for warmth, and the disadvantage is that you are at the mercy of others.

Trouble, thanks!

The advantage is that you can huddle together for warmth, and the disadvantage is that you are at the mercy of others.

Since then, China's capital market has become more closely linked with the rest of the world.

The coexistence of the euro and the national currency occurred only during the transition period.

The euro was created on January 1 of that year, but at that time it was only used as "electronic money". After the issuance of euro banknotes and coins on January 1, 2002, after a two-month dual currency circulation period with the national currencies of the eurozone countries, it officially replaced the national currencies of the 12 eurozone countries on March 1, 2002, and became a veritable European single currency.

On January 1, 2002, the euro (EURO) officially entered the circulation field of the 12 countries of the euro area. On January 28, February 9 and February 17, the currencies of the Netherlands, Ireland and France withdrew from their own circulation. Today, February 28, the other nine countries ———Germany, Greece, Spain, Italy, Luxembourg, Belgium, Austria, Portugal, Finland ——— all abandoned the exchange of old currencies, and their national currencies completely stopped circulating in the market.

From this day on, the banknotes and coins of the euro were officially popularized in the circulation field of 12 countries, and the 12 currencies that were closely related to the economic life of the residents of the eurozone completely withdrew from the stage of history.

Slovenia joined the eurozone on 1 January 2007 as the 13th member state. Cyprus joined the eurozone with Malta at midnight on 1 January 2008, increasing the number of eurozone members from 13 to 15 currently. The national standard** for the euro is EUR.

In Hong Kong, it's called Euro.

As of December 2008, there are 15 countries using the euro: Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal, Spain, Slovenia, Cyprus and Malta.

Countries in the European Union that do not use the euro:

EU member states: Poland, Hungary, Czech Republic, Slovakia, Slovenia, Cyprus, Malta, Estonia, Latvia, Lithuania, Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Netherlands, Portugal, Spain, Sweden and the United Kingdom.

So, the EU member states that do not use the euro are: Poland, Hungary, the Czech Republic, Slovakia, Estonia, Latvia, Lithuania, Denmark, Sweden and the United Kingdom.

The 10 new member states that joined the EU in 2004 (Cyprus, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Malta, Poland, Slovakia, Slovenia) have all committed to the euro and to abide by the discipline of the Economic and Monetary Union. However, there is no fixed requirement for when they will join the eurozone, and each new member will join according to its own national situation and according to its own timetable, but no new member has chosen not to use the euro when the eurozone starts, as Denmark and Sweden did.

Switzerland is a permanently neutral country, is not a member of the European Union, and is not a member of the eurozone. Resources.

Eurozone countries.

Austria, Belgium, Germany, Greece, France, Finland, Ireland, Italy, Luxembourg, Netherlands, Portugal, Spain.