Currency that came into affect within the 11 eurozone countries in January 1999. Coins and notes were introduced into circulation in 2002. The European Central Bank (ECB) regulates the monetary policies of the Economic and Monetary Union. Benefits of the euro include reduced transaction costs, reduced uncertainty and risk due to price transparency and merger activity. The main cost is the cost of converting (price signs, tills, vending machines etc)However, this is only short term and if countries such as the Czech Republic and Slovakia think they can afford it then the UK can.
Jimmy - "Man I sure wish the British public would come to their senses and realise that in the long term the UK should join the euro and stop living in the past. It's just because they're too thick to understand the value of the euro and wouldn't be able to cope with losing their precious pounds"
Billy - "Yea woteva man lets go play computer games"
Prices shown in USD.
Type your email address below to get our free Urban Word of the Day every morning!
Emails are sent from email@example.com. We'll never spam you.
Log in with Facebook to save your favorite definitions
and share them with friends.