The Euro

The Euro: europium?s Common CurrencyTable of ContentsAbstract3The Maastricht Treaty4Why A Common manners? 5The Implementation Of The Euro6Versus The Dollar 7International Impact 8Potential Problems 9 europiuman Union Expansion 11Personal witness 13Conclusion 14References15AbstractOn 1 Jan 2002, the euro became the legal currency for over 300 one million million people living in Europe. In this paper I will detail how the euro came to be and the planning that was needed to concentrate such a huge project. I will overly discuss the euro?s impact against the U.S. dollar as healthy as its current and potential impact on foreign business. Finally, I will explore the possiblity of euro expansion on the global business scene.

The Euro: Europe?s Common CurrencyThe Maastricht TreatyFor hundreds of years Europe was the scene of legion(predicate) frequent and bloody wars. For example, in the expiration 1870 - 1945, France and Germany went to war against each different three times and many European leaders believed that the only way to secure Europe with a lasting peace was to unite them economically and politically. So, in 1950, French Foreign Minister Robert Schuman proposed a plan to mix in the European coal and steel industries. As a result, the European Coal and Steel Community was formed in 1951 with sextette extremity countries: Belgium, West Germany, Luxembourg, Italy, France, and the Netherlands.

This group was such a victory that these same six countries decided to further integrate other sectors of their economies and in 1957 the Treaties of Rome was signed. This treaty created the European Atomic capacity Community (EURATOM) and the European Economic Community (EEC). It was with the creation of these alliances that the member countries moved a step closer in removing bargain barriers between them and forming a common market. Then, in 1967, the three European communities then merged and from that point on there...

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