hi,
Can someone answer this question, and provide a source?
1. How does a country become a country who's main currency is the EURO?
2. Are they accepted in the EU first? Is there an invitation process?
Thank you!!!!
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March 1st, 2009 at 6:44 am
Good Question…. let me know, eh?
March 1st, 2009 at 6:44 am
The country has to be accepted into the European Union first. All countries currently in the union have to accept the new country wishing to join. The country wishing to join has to be willing to follow all rules of eu.
I'm german, but don't know more than that or have sources. Sorry
March 1st, 2009 at 6:44 am
A country must first be a member of the EU, where there is a process to become a member, just ask any of the former communist countries in Eastern Europe. After that, in order to become a member of what's called the Euro Zone, where they use the Euro as their currency, a country must be macroeconomically stable. There's no exact definition for that, but it generally means that public debt is kept at a manageable level and inflation is at a reasonable level too. The Euro Zone countries don't want to let in a financially unstable country because that obviously would cause all sorts of problems.
March 1st, 2009 at 6:44 am
A country must be part of the European Union first, and must apply for admission. There are certain requirements for admission, however I am not sure of what they are.