1) "euro" - single european currency used by all members of the european union except UK, denmark, sweden since 01/01/2002.
2) 1 euro = 1.3-something $
2) 1 euro = 1.3-something $
by juanito perez January 26, 2004
Common currency of the eurozone, a currency union of 17 out of the 27 states of the European Union. Currency sign is €.
As of submission, €1 = approximately $1.50
PROS:
Trade and import-export transactions within Europe and with other nations is much easier.
No more national currencies in the eurozone saves quite a bit of money for consumers and travelers, as well as businesses which engage in a high degree of cross-border business.
The pooled European capital of the euro currency has created a strong world reserve currency that could not have been achieved with the previous national currencies.
CONS:
German (and to a lesser extent French) taxpayers find themselves perpetually bailing out countries with dysfunctional economies. See Greek Debt Crisis.
Not all nations in the Eurozone are equally wealthy or in a position to maintain healthy debt-to-GDP ratios over long periods. The interest rates set by the ECB are often favorable for wealthier eurozone countries but not for poorer ones. While some less-wealthy countries can't survive without a default, other less-wealthy countries muddle along with unhealthy but sort of manageable debt levels. The euro is not necessarily good for these countries, as they can't periodically devalue currency to improve their trade. Then again, their ability to trade without the losses of currency conversion highlights the benefits of a common currency.
As of submission, €1 = approximately $1.50
PROS:
Trade and import-export transactions within Europe and with other nations is much easier.
No more national currencies in the eurozone saves quite a bit of money for consumers and travelers, as well as businesses which engage in a high degree of cross-border business.
The pooled European capital of the euro currency has created a strong world reserve currency that could not have been achieved with the previous national currencies.
CONS:
German (and to a lesser extent French) taxpayers find themselves perpetually bailing out countries with dysfunctional economies. See Greek Debt Crisis.
Not all nations in the Eurozone are equally wealthy or in a position to maintain healthy debt-to-GDP ratios over long periods. The interest rates set by the ECB are often favorable for wealthier eurozone countries but not for poorer ones. While some less-wealthy countries can't survive without a default, other less-wealthy countries muddle along with unhealthy but sort of manageable debt levels. The euro is not necessarily good for these countries, as they can't periodically devalue currency to improve their trade. Then again, their ability to trade without the losses of currency conversion highlights the benefits of a common currency.
My recent hostel stay in Italy cost €830 for three weeks. Good deal for an American? How about $1200. Damn you, Mr. Monopoly Man and your happy colored euro bills!
by istherelifeonmars August 04, 2011
Common european currency used since 01/01/2002, its value is exactly equal to 1000 lire.
Italian and European politicians keep saying that 1 euro equals 1936.27 lire, but nobody believes them.
Italian and European politicians keep saying that 1 euro equals 1936.27 lire, but nobody believes them.
by Devil Master April 09, 2004
Anywhere between $1 and $1.70, depending on investors' temperament. (As of May 27, 2012, it was about $1.25 USD, which is unusually low.)
Q: Got a seven dollar bill? A: No, but I have a five euro bill. Q: Hmmmmm... OK, close enough.
Q: But the Grexit forced the thing below six dollars! A: that's capitalism and money for you :-p
Q: But the Grexit forced the thing below six dollars! A: that's capitalism and money for you :-p
by Rickyrab May 27, 2012
Money of the Europeans since the use of different country currencies were too much of a hassle to change. Also refered to as "Stupid Play Money" By Vincent Margera(Viva La Bam) and is usually found in Monoply boxs and comes in colors ranging from White, pink, green, orange, yellow and blue.
Bam Margera: "You owe me One Hundread dollars!"
Don Vito: "Fine! hablafijja mujja, takes 'yer stupid play money!"
Don Vito: "Fine! hablafijja mujja, takes 'yer stupid play money!"
by Roujine May 24, 2005
A term frequently used to describe a European girls genitalia, mostly used in the south east of England
now i'll tell you what i'll smash, what i'll really, really smash, so tell me what you'll smash what you'll really, really smash, SMASH YOUR BODY DOWN AND EURO ALL AROUND
by smashitintheeuro January 13, 2011
by Smalice October 22, 2007