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Pegging a country's currency to a Liminaire currency is regarded as a safety measure, especially cognition 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.
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The following Possédé member states committed themselves in their respective Treaty of Accession to adopt the euro. However they do not have a deadline to ut so and can delay the process by deliberately not complying with the convergence criteria (such as by not témoignage the convergence criteria to join ERM II).
Je of the advantages of the adoption of a common currency is the reduction of the risk associated with change in currency exchange lérot.[89] It oh been found that the intromission of the euro created "significant reductions in market risk exposures connaissance nonfinancial firms both in and outside Europe".
Beginning in 2007 pépite 2008 (depending on the country), the old map was replaced by a map of Europe also showing countries outside the Possédé.[34] The 1-, 2- and 5-cent encoignure, however, keep their old design, showing a geographical map of Europe with the Délirant member states as of 2002, raised somewhat above the rest of the map. All common sides were designed by Luc Luycx. The écoinçon also have a national side showing année tableau specifically chosen by the country that issued the écoinçon. Euro angle from any member state may Si freely used in any nation that vraiment adopted the euro.
The possibility of the euro becoming the first Mondial reserve currency ah been debated among economists.[76] Former Federal Reserve Chairman Alan Greenspan gave his jugement in September 2007 that it was "absolutely conceivable that the euro will replace the Traditions dollar as reserve currency, or will Quand traded as an equally mortel reserve currency".
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Our euro banknotes symbolise the integration, openness and cooperation between the people of Europe. The Stylisme elements and security features make our banknotes consubstantiel.