The Euro since 2002

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In 2002 it was called: Goodbye D-Mark, Lira, and Franc. 

Since then, Europeans have been paying with Euro Currency. The single currency brought negative interest rates and turbulent times for the export industry to Switzerland.

THE BEGINNING

Used as book money since 1999, the Euro was introduced as cash on 1.1.2002. Politically, it was considered a symbol of unity. Economically, trade, travel, and price comparisons have become easier.

Book the best food and drinks experiences by destination
 

ONLY FROM THE FRONT

is the Euro a single currency? The reverse of the coin bears the national symbols of each respective country.

TEURO

 

The currency symbol for the Euro is inspired by the letter epsilon in the Greek alphabet. The European currency initially enjoyed little confidence in the twelve countries. He was called Teuro in Germany, for example. an allusion to the fact that he made everything expensive. In part that has also become a reality.

1460

More than 27 billion banknotes and 138 billion coins are in circulation. Overall, the euro cash in circulation amounts to more than 1,460 billion Euros.

340

Million Europeans in 19 countries pay with Euros today. These are Belgium, Germany, Finland, France, Greece, Ireland, Italy, Luxembourg, the Netherlands, Austria, Portugal, Spain, Slovenia, Malta, Cyprus, Slovakia, Estonia, Latvia, and Lithuania.

 

Original Text by: Benita Vogel-CH