The currency
The European currency
Carlo Curti Gialdino, The Symbols of the European Union: the origin of the name ‘euro'
TextIn his book entitled The Symbols of the European Union, Carlo Curti Gialdino, Professor of International Law at the University of Rome ‘La Sapienza’ and Legal Secretary at the Court of Justice of the European Communities from 1982 to 2000, explains the origin of the name ‘euro’.
The euro
The euro zone (1999-2015)
MapMap showing the development of the euro zone and the increase in the number of Member States participating since its establishment on 1 January 1999.
Report concerning the stage-by-stage implementation of economic and monetary union (8 October 1970)
TextIn 1970, in his role as Chairman of the working party instructed to draw up a study on economic and monetary union, Pierre Werner, Luxembourg Prime Minister and Finance Minister, submits a stage-by-stage plan which has as its final objective the establishment of complete union and which calls for the introduction of a single Community currency. At institutional level, the ‘Werner Report’ proposes the establishment of a decision-making centre for economic policy and a Community system of central banks.
Report on economic and monetary union in the European Community (12 April 1989)
TextIn June 1988, the Hanover European Council entrusts to a Committee chaired by Jacques Delors, President of the Commission of the European Communities, ‘the task of studying and proposing concrete stages leading towards the progressive realisation of economic and monetary union (EMU).' The ‘Delors Report', published in April 1989, proposes that EMU be achieved in three stages. During stage two, a European System of Central Banks (ESCB) will be set up in order to make preparations for the transition to the single Community currency during the third stage.
Conclusions of the Madrid European Council: extract concerning Economic and Monetary Union (15 and 16 December 1995)
TextOn 16 December 1995, the Madrid European Council adopts a road map for the introduction of the single currency, the basis of Economic and Monetary Union (EMU), the third stage of which begins on 1 January 1999. The future currency is to be called the ‘euro’, a simple name which symbolises Europe and which will be the same in all the official languages of the European Union.
Conclusions of the Madrid European Council (15–16 December 1995)
VideoOn 16 December 1995, following the Madrid European Council, Pedro Solbes Mira, Spanish Minister for Economic and Financial Affairs, Yves-Thibault de Silguy, European Commissioner for Economic and Financial Affairs, Monetary Matters, Credit and Investments and the Statistical Office, and Jacques Santer, President of the European Commission, announce in successive addresses the adoption by the Fifteen of the name ‘euro’ for the new European currency.
Presentation of the design for the euro banknotes (Dublin, 13 December 1996)
VideoOn 13 December 1996, on the margins of the Dublin European Council, Alexandre Lamfalussy, Belgian President of the European Monetary Institute (EMI), presents to the press the design of the future euro banknotes.
European Monetary Institute/European Central Bank
ImageThe Eurotower, in Frankfurt-am-Main, was the home of the European Monetary Institute (EMI) from 1 January 1994 before becoming the seat of the European Central Bank (ECB) on 30 June 1998.
Europe Day poster (1998)
TextThis poster, published for the Europe Day celebrations in 1998, shows the importance of the euro for European citizens. The poster was also used in the Member States of the European Union which have not adopted the single currency.
TV advertisement concerning the introduction of the euro in the Grand Duchy of Luxembourg (2001)
VideoThis TV advertisement, broadcast in 2001 on Luxembourg television, aims to familiarise the public with the new single currency. The euro, as a strong currency, should also make life easier for EU consumers.
The first euro banknotes (Vienna, 31 December 2001)
ImageOn 31 December 2001, in Vienna, Franz Fischler, Member of the European Commission, Romano Prodi, President of the European Commission, and Wolfgang Schüssel, Austrian Federal Chancellor, celebrate the entry into circulation, the following day, of the euro in 12 of the 15 Member States of the European Union.
The euro sign
ImageThe official euro sign (€) is based in the Greek letter epsilon (e), to symbolise the cradle of European civilisation, and is similar to the first letter of the word ‘Europe'. The two parallel lines represent the stability of the euro.
Euro symbol outside the offices of the European Central Bank
ImageThis euro monument stands outside the offices of the European Central Bank. It was officially inaugurated during the celebrations to mark the launch of the euro on 1 January 2002.
Flags of the 12 countries in the euro zone
ImageOn 1 January 2002, the euro enters into circulation in 12 of the 15 Member States of the European Union: Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal and Spain.
Booklet on the euro published by the European Central Bank (2002)
TextThis brochure, published by the European Central Bank in 2002, aims to familiarise European citizens with the euro coins and banknotes. There are reproductions of the national sides of the coins of the 12 countries of the European Union belonging to the euro zone, along with those of the three countries outside the Union — Monaco, San Marino and Vatican City — which secured the agreement of the European Community to mint their own coins.
Address given by Carlo Azeglio Ciampi at the ceremony held to mark the awarding of the Charlemagne Prize to the euro (Aachen, 9 May 2002)
TextIn 2002, the Charlemagne Prize of the City of Aachen is awarded to the euro. In his address, the President of the Italian Republic, Carlo Azeglio Ciampi, sees the single European currency and the European Central Bank as a step taken by a group of forward-looking states towards the pooling of national sovereignties.
Europe Day poster (2002)
TextThis poster, used for Europe Day in 2002, celebrates the entry into circulation of the euro coins and banknotes on 1 January of that year. The poster was also used in the Member States of the European Union which have not adopted the single currency.
Caricature d'Amenofis sur Milosevic et la paix en Europe
Image"Euro-paix!" Lors de la crise du Kosovo provoquée par le président yougoslave Slobodan Milosevic, le caricaturiste espagnol Amenofis réclame la paix en Europe, symboliquement représentée par un billet en euros.