The Effect of the Euro on the International Economy

The Euro is the common name for the bank notes and coins used by over 317 million Europeans(Wikipedia). It was introduced to the European Monetary Union economy in 1999 under the Maastricht Treaty on European Union. It was first used as an accounting currency only and it was not until 2002 that it began circulation as money. It is currently the second most valuable money in the world, falling only behind the British Pound. The effects of the Euro are far-reaching, touching such things as the price of crude oil, world tourism, and how businesses operate. The colored countries currently use the Euro.
The current value of the Euro is only slightly behind the British Pound, but in money terms very far ahead of the dollar. The effect of the exchange rate is that more Europeans have flocked to America for travel and vacations because their money will go so far here. This is very beneficial to America not only economically but......

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Title: Effect Of Euro On International Economy
Approximate Word Count: 996
Approximate Pages: 4 (250 words per double-spaced page)

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