January 1, 2002

The euro in the pockets of European consumers

The ten years following the Maastricht Treaty saw the twelve Member States of the Economic and Monetary Union aligning their economies with the 'convergence criteria': control of inflation, balanced budgets, limitation of state deficits and stable rates of exchange between the countries in the zone. On 1 January 1999, the euro was officially adopted as an accounting unit. For consumers, the new notes and coins, usable throughout the euro zone, were unveiled on 1 January 2002.

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